St. Patrick’s Day Market Update: Why Mortgage Rates Are Stuck Near 6% + Santa Clara County Weekly Sales

The host shares a St. Patrick’s Day-themed market update explaining why mortgage rates are hovering around 6% and likely won’t drop further unless there’s a major economic meltdown, arguing that lower rates would fuel buyer competition and push prices artificially higher when the market needs normalization after recent years of rapid appreciation. They note typical rates around 6% for a 30-year and 5.5% for a 15-year, suggest buying points down for long-term ownership, and advise buyers and sellers not to wait for rate drops to change conditions. 

Mortgage Rates Inch Higher as Housing Activity Picks Up

PROBATE AND ESTATE SALES

How your Home will be Marketed

Los Gatos Home of the Week 

Santa Clara County Price Reductions 

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00:00 St. Patrick's Intro

00:06 Rates Stuck Near 6

00:21 Why Balance Matters

01:24 Loan Options Points

02:09 Stop Waiting For Drops

03:01 What Homes Actually Sell

03:57 Ten Million Listing Lesson

05:07 Pricing To Spark Bids

06:05 Lowest Sale And 55 Plus

06:41 Los Gatos House Pick

07:23 Market Stats Price Cuts

08:14 Wrap Up And Goodbye