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Mortgage rates in San Francisco, California

By Clare Mallen · Bankrate.com
Wednesday, November 25, 2015
Posted: 6 am ET

Mortgage rates were mostly stagnant in San Francisco this week. Meanwhile, aging baby boomers -- not tech workers -- account for the highest number of all-cash sales in the city, the San Francisco Business Times reports.

According to new research from real estate brokerage Pacific Union and John Burns Real Estate Consulting, only 12% of the 323 cash transactions their agents were involved in from February to June 2014 involved tech buyers.

The Business Times continues that these cash buyers are evenly split between those with family money or legacy wealth and well-qualified, white-collar buyers. These 2 groups make up 265 of the 323 all-cash transactions tracked by the report. Additionally, these all-cash buyers were mainly older and on the cusp of retirement.

This week's rates

The benchmark 30-year fixed-rate mortgage in San Francisco remained at 4.06%, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.22 discount and origination points. Nationally, the 30-year fixed-rate mortgage was 4.07%.

More rates

The benchmark 30-year jumbo mortgage, for loans of $625,500 and up, fell to 3.81% from 3.91%. The benchmark 15-year fixed-rate mortgage remained at 3.3%. The benchmark 5/1 adjustable-rate mortgage remained at 3.44%.

Weekly mortgage survey

Results from Bankrate's Nov. 24 survey of mortgage lenders. Monthly payments are for a $165,000 loan. The jumbo rate is for the minimum jumbo loan amount of $625,500 in San Francisco.
30-year fixed 15-year fixed 5-year ARM 30-year jumbo
This week's rate: 4.06% 3.3% 3.44% 3.81%
Change from last week: N/C N/C N/C -0.1
Monthly payment: $793.45 $1,163.42 $735.41 $2,918.13
Change from last week: N/C N/C N/C -$35.52
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