There is currently a “rate rally” going on, which means that rates are very low and it is a great time to refinance and/or buy a home in Saratoga. Jumbo rates have come down as well and guidelines will be loosening especially with regard to down payment requirements. The last piece of really good news is Santa Clara County is being reclassified by Wells Fargo’s home equity group to where a 25% down will now be accepted.


