Best home loan rate in past 5 years?

Whats the lowest rate you have heard in the past 5 years for a 30 year fixed, no points or prepay penalty, jumbo home loan in Califiornia? Please provide date and place if known.

Jumbo A paper in California, I had 5.25 without points for about three weeks in June 2003. 5.125 got as low as 0.1 points. Conforming went to 4.875 for about three hours one day. Locked four loans while it was there. These rates applied statewide. Don’t look for that to happen again soon.

Should i take a home loan now or wait for the interest rate to go down?

Are home loan interest rates going to go up or down in the near future?

Home loan rate are still at historic lows. Most Americans don’t realize that mortgages were over 10% for many years. Here is what I would ask myself: Do I owe less than 80% of my present value on the home? Home values are going to continue plummeting. Do I work for someone else? If yes, what happens if you are laid off? You won’t be able to qualify for a loan in the future. How high is my rate now? Can I afford to add $3000-$5000 to my loan to cover the fees? Is my present loan adjustable? There are so many variables that no one can give you a real answer based on the facts in your question. And please avoid the loan via email people. Rip offs, scam artists and spammers.