Mortgage rates for Bakersfield, California go down to 3.00%

Mortgage rates for Bakersfield, California on Lender411 for 30-year fixed-rate mortgages are at 3.00%. That dropped from 3.00% to 3.00%. The 15-year fixed rates are now at 2.56%. The 5/1 ARM mortgage for Bakersfield, California is now at 4.56%.

Bakersfield Market Trends

Bakersfield is a community rich in agriculture. The city has a high safety rating with a low cost of living. Bakersfield was one of the first cities to develop the council-manager form of government. The city is home to the famous Crystal Palace, which is an entertainment venue and museum of western country music, founded by the late Buck Owens. Despite its large size, Bakersfield retains small town hospitality.

The average price/sqft was $113, an increase of 21.5% compared to last year. The median sales price for homes for October 13 to January 14 was $186,750 based on 1,366 home sales. Compared to one year ago, the median home sales price increased 16%, or $25,750, and the number of home sales decreased 17.2%.

The average listing price for homes for sale was $265,990 for the week ending January 1, which represents an increase of 1.9%, or $4,876, compared to the previous week.

Notable communities in Bakersfield include Seven Oaks and Oleander/Sunset, with average home listing prices of $659,956 and $140,431.

Lender411.com will help you find the best mortgage interest rates by putting you in touch with a qualified  Bakersfield mortgage lender who can find you the right loan.

Lenders in: Bakersfield, California.