Interest Rates Hit Record Low

Author profile image

Yes Martha, interest rates can go even lower.

Just when we thought we had seen the bottom of mortgage interest rates we hit an another all time low.  By most economic predictions we are going to see low interest rates through 2013 (baring a drastic decline in the unemployment rate) but no telling if this is truly the bottom.  Bottom or not, current 3o year interest rates are below 4% (3.91%) making most property very affordable.  We’ve been saying this all year long, buyers need to take advantage before rates go up.

It wasn’t that long ago that 7% was the norm.


$500,000 loan at 7% = $3,326.51 P&I.

Compare that to today’s rate:

$500,000 loan at 3.91% = $2,361.21

A difference of $965.30 per month or $11,583.60 per year or $347,508 over 30 years.


For more information

Category : Blog

About Us

Since 1970 Rinetti & Co. Realtors has been selling residential and commercial real estate throughout the greater East Bay. We are boutique real estate company with a single focus, exceptional customer service from start to finish. Rinetti & Co. Realtors has the experience and practical knowledge to adapt to changing market conditions while providing our clients expert advise when buying or selling a home. If you’re considering making a move please contact us and see the difference Rinetti & Co. Realtors can make for you.


The only realtors in San Leandro...You will not meet two finer or more ethical realtors. The best! - Gary S.

Rinetti & Co. turned out to be the perfect place for me to do business...I would not hesitate to recommend their services to anyone buying or selling property. - Mary K.

...As I am sure you are aware, a house is stucco, wood and nails, but a home is where a lifetime of memories are created. Our mother was very proud of her home, it meant so much to her.

- Trent B.

...Thanks for your patience, guidance & professionalism, you made this experience a great one that we will never forget...We can’t thank you enough, thanks a bunch!!! - Rocio R.

If anyone in the East Bay is looking to buy or sell a home, please consider my friends and agents Tianne Rinetti-Vittoria and Perry Vittoria! They helped us buy our house and did an amazing job! They go above and beyond.”

- Chris S.

San Leandro Office
1103 MacArthur Boulevard
San Leandro, CA 94577

(510) 568-6171

Pleasanton Office
6754 Bernal Avenue, Suite 740-176
Pleasanton, CA 94566
(925) 364-5013

Email Us

CA BRE Lic. #01461822

Send to Friend

Email Agent