Santa Barbara & Montecito Real Estate
CA DRE#s 01903215, 00826530 & 01317331

How Does the Prime Rate Affect Mortgage Interest?

How Does the Prime Rate Affect Mortgage Interest?

MARKET MINUTE: Paul Hurst of ANDERSON | HURST | ASSOCIATES at Berkshire Hathaway HomeServices California Properties in Montecito asks John Murphy of Homebridge Lending in Montecito how adjustments in the Prime Rate affect mortgage rates.