Mortgage Rate Predictions for February 2023

Here’s how other experts predict market conditions will affect the 30-year, fixed-rate mortgage in the coming months:

  • Compass U.S. region president, Neda Navab: There have been signals that mortgage interest rates may be at or near their peak, given recent encouraging news around inflation and a corresponding drop in the U.S. Treasury yields that help set mortgage rates. A sustained drop could push mortgage rates into the 5% range late in the second quarter or in the second half of 2023, but that’s definitely not guaranteed.
  • Mortgage Bankers Association (MBA): “Long-term rates have already peaked. We expect that 30-year mortgage rates will end 2023 at 5.2%.”
  • National Association of Realtors (NAR) senior economist and director of forecasting, Nadia Evangelou: “If inflation continues to slow down—and this is what we expect for 2023—mortgage rates may stabilize below 6% in 2023.”
  • Freddie Mac: Forecasts the average 30-year mortgage to start at 6.6% in Q1 2023 and end at 6.2% in Q4 2023.
  • economist, Jiayi Xu: “Despite slowing inflation, the expected ongoing restrictive monetary policy may keep mortgage rates in the 6%-7% range in the short term.”


How to Get the Best Mortgage Rate

To get the best mortgage rate, decide what type of loan to get, how much to put down, and whether to pay points and then comparison multiple lenders.

Buying a home is an adventure. About 39% of Americans — an impressive 99.3 million of them — plan to purchase a home in the next few years, according to NerdWallet’s 2020 Home Buyer Report.

If you’re one of them, your first step is to figure out how much house you can afford. Then comes the search for a good lender and a great mortgage rate. And getting the best mortgage rate starts with knowing the answers to the six questions below.

1. Get a fixed-rate mortgage or ARM?

Mortgages have either fixed interest rates or adjustable rates. Fixed-rate mortgages lock you into a consistent interest rate that you’ll pay over the life of the loan. The part of your mortgage payment that goes toward principal plus interest remains constant throughout the loan term, though insurance, property taxes, and other costs may fluctuate…


How to Shop for a Mortgage

Shopping for a mortgage may seem complex, but if you know the right steps, it’s not too difficult. Here’s how to go about the process.

1. Get your finances in order

Your goal should be to secure the lowest mortgage rate possible. The stronger a home loan candidate you are, the more likely you are to get a great offer from a mortgage lender.

Before getting started, make sure you have:

  • A strong credit score, or FICO® Score. 620 is generally the minimum credit score needed for a mortgage. To get a great rate, you’ll generally need a score in the mid-700s or above.
  • A low debt-to-income ratio — you don’t spend most of your income on debt payments.
  • A steady job
  • Funds available for a down payment (ideally 20% of the cost of the home you’re looking to buy)


Ralene Nelson, REALTOR®

PENDING SALE – 623 California St, Rio Vista
2 bed/1 bath/934sqft/4,792sqft lot

Price Reduced to $315,000 – Adorable cottage/bungalow, 2 bedroom, 1 bath and has been updated. Larger backyard with patio & raised garden beds for your vegetables. The kitchen has been remodeled & there is an inside laundry & single car garage. Convenient location, walk to town for breakfast, snack, and/or dinner. READ MORE

FOR SALE – 718 Allender Wy. Rio Vista
3 bd/2 bth/1346sf

$514,999 – Gorgeous home, shows pride of ownership, and has been renovated since purchased. 3 bedrooms & 2 baths with all new flooring/baseboards, interior paint, light fixtures, etc. The kitchen has newly painted cabinets with quartz countertops with an island. Auxillary electric heaters in 3rd bedroom & living room. Whole house water filter with under-the-sink reverse osmosis. The front yard has been totally relandscaped with a new walkway to the front door, with drought-resistant landscaping, a drip system & timer. The driveway extended as well as the sidewalk to the backyard. The backyard has a sprinkler system as well as a patio. Just bring your furniture and enjoy!! Rio Vista is a quaint town located on the Sacramento River, close to SF, Sacramento & bay area. READ MORE

FOR SALE – 295 Sage Meadows Drio Vista
3bed/3.5bath/2,367sqft/6,669sqft lot

$559,000 – Calistoga model, with private courtyard, located on a corner lot. New interior paint (including garage) & tile/grout cleaned, gives this home a fresh look. Island kitchen with granite tile, black appliances, w/5 burner gas stove top & maple cabinets. Open floor plan makes this a great home for entertaining & the fireplace makes it cozy. Large master bedroom has bay window, upgraded tile in bath (walk in shower & tub). Den has been enclosed as well as another room, so this could be 4 bedrooms. One can be your den, other can be your craft/sewing room. 2nd bedroom has full bath, with courtyard entrance. Laundry room has sink, cabinets & folding space. Full patio & fencing secures this backyard for your family pet. Trilogy offers many amenities, from tennis, bocce, billards, pickle ball, golf, 2 pools & spas and even playground for grandchildren. Just bring your furniture & make new friends.READ MORE

FOR SALE – 731 Turnberry Ter Rio Vista
2 bed/2 bath/1410 sqft

$410,000 – NO BONDS-Spinnaker model with private backyard. This 2 bedroom, 2 bath home feels like a very relaxing cottage for a retirement home. The patio provides a quiet place for morning coffee & afternoon beverage. Den has built-in book/curio shelves & bay window. The Master bedroom has a bay window, which creates room for a sitting area. New hot water heater. Enjoy amenities such as golf, tennis, bocce, pools/spas & a new gym, and more. READ MORE

FOR SALE – 710 Pinehurst Dr. Rio Vista
2bed/2bath/2,065sqft/5,345sqft lot

$454,000 – Solar owned & No Bonds!! Can’t get much better, this Hatteras model located in the Rio Vista Active Adult Community, Trilogy, offers drought-resistant landscaping & cozy backyard. Start the day with coffee on the patio & watch the sunset on the front porch. This home has 2 bedrooms, 2 baths with blinds throughout. The home has a living room/dining room combo and a family room/kitchen with tile floors in the kitchen/nook. Full patio with cover & is very private. The laundry room has a sink, washer/dryer convey with the sale, as well as refrigerators. Walking distance to Delta clubhouse, pro shop & Monarch Restaurant. Trilogy offers 2 swimming pools/spas, a cafe & restaurant, tennis courts, bocce ball courts, pickle ball, billiards & more. Just bring your furniture and enjoy your retirement life. READ MORE

FOR SALE  – 689 Waterwood Dr, Rio Vista

2 bed/2 bath/1,837sqft/5,436sqft lot

NEW PRICE $570,000 – Breathtaking views as you step into this beautiful home, located on the 11th green & pond. Popular Reflect model with quartz counters, white cabinets, 5 burner gas stove top & refrigerator are included. Tile floors with carpet in bedrooms. A double-sided gas fireplace makes for a cozy den & living room. The primary bath has double sinks with a walk-in shower with w/bench seating. Shutters throughout the home. Walk out either slider onto the covered patio that is the full length of the home. Small piece of turf for your pet, low maintenance landscape (front & back) & fenced. The backyard is lovely & a great place for a BBQ. Washer/dryer are included & there’s a laundry tub in the garage. Prepaid solar lease, transferrable to the buyer for the remaining years of the lease. Just bring your furniture and enjoy all the amenities, such as 2 swimming pools/spas, bocce ball courts, tennis & pickle ball courts, horseshoes, billiards, a library, a computer room, etc. So many activities to enjoy, you can be as busy as you want or idle. There is a club for just about all your hobbies. READ MORE

FOR SALE – 181 Cedar Ridge Dr. Rio Vista
2 bed/2 bath/1,433sqft

$540,000 – Look no further!! This Clipper model is like a new home, completely renovated, from new sheet rock to all new cabinets throughout, new baths, laminate flooring, quartz counters, appliances, and new interior & exterior paint. Located on the 11th fairway, bring some patio furniture & enjoy the scenery. This model provides a living room/dining room & a nook/great room. Trilogy provides so many amenities, including 2 swimming pools/spas, bocce courts, billiards, tennis courts, pickleball, gym & more. READ MORE

Events in Northern California this Weekend

Solano Symphony Orchestra – Salute to Youth

Sun, Feb 5, 3 – 4 PM
Vacaville Performing Arts Theatre, 1010 Ulatis Dr, Vacaville, CA

Each year, with the generous support of the Margaret Beelard Community Foundation, Maestro Semyon Lohss and the Solano Symphony Orchestra host young orchestral players and instrumental and vocal soloists to perform with the orchestra, including winners of the annual Young Artists Competition. Buy tickets

Mark Me – Contemporary Flamenco Performance

Saturday from 5:30 PM – 9:00 PM PST
Journey Downtown, 308 Main St, Vacaville

Experience the amazingly captivating passion and intricate rhythms of flamenco dance and music as we reinterpret tradition through the lens of Latin American roots. A multidisciplinary experience for the senses, with a unique culinary experience led by Chef Erica Marie, a world-renowned cast of international flamenco artists, and a fully immersive interactive art installation on stage. The Royal School of Ballet’s Majesty Ballet Company will be opening the show as our special guests of this premiere, with a unique collaborative piece created by both Angela Arteritano and Cassandra Kamakeeaina. Taking the stage next and joining us all the way from Barcelona, Spain, is award winner Flamenco Dancer Mariana Martinez, and highly acclaimed flamenco and AfroLatino percussionist Lucas Balbo. This work was created by Angela Arteritano, a Venezuelan-American multidisciplinary artist, choreographer, and dance researcher who recently relocated to Vacaville. Audiences will experience incredible live music, dazzling dancing, and unique Interactive Art as seen in these artists’ award-winning film “MARKME”. VIP experiences include a full-plated dinner by Chef Erica Marie as well as early viewing access to the installation and artists’ meet and greet. READ MORE

Lodi’s Wine & Chocolate Weekend

Fri, Feb 3 – Sun, Feb 5
Lodi Wine and Chocolate, 2545 W Turner Rd, Lodi

A celebration of Lodi wines and chocolate!

Join us February 3-5 as we celebrate 26 amazing years. Enjoy a specially curated, three-day long celebration full of Lodi’s renowned wines paired with locally made chocolate.
February 03, 2023 – Friday Evening Experiences
Select wineries invite you out for an intimate evening. Experiences vary and space is limited! Start the weekend off right with this exclusive opportunity to mingle with winemakers and other wine lovers. Must be 21+. Tickets are $125 per person, and extremely limited. Advance sales close January 19. (Times vary at each winery)
February 04, 2023 – Saturday Winery Tours
Our signature passport-style event. Enjoy a selection of Lodi’s renowned wines and delicious chocolate treats as you embark on a self-guided tour between more than 35 participating wineries. Must be 21+. Tickets are $75 per person, and limited and may not be available at the door.
February 05, 2023 – Sunday Winemaker’s Toast
Wrap up a lovely weekend by joining us for a special event at Wine & Roses Hotel, Restaurant, Spa. Winemakers will be pouring white, rosé, and sparkling wine while you enjoy delicious brunch-themed paired bites. Must be 21+. Tickets are $95 per person, and are limited and tickets may not be available at the door. READ MORE ~ BUY TICKETS

Dan Soder, Punch Line Sacramento

Fri, Feb 3, 9:45 PM – Sat, Feb 4, 1:45 AM
2100 Arden Way #225, Sacramento

Dan Soder is a New York City based comedian and actor who’s best known as ‘Mafee’ on the hit series Billions on Showtime.  His special The Standups is now streaming on Netflix.  In 2016, his first hour-long stand-up special, Not Special, premiered on Comedy Central.  Other credits include: Comedy Central’s Half Hour, Conan, Inside Amy Schumer, and @midnight.  Dan also hosts Sirius XM’s The Bonfire with Big Jay Oakerson, every Monday through Thursday at 6pm ET on Comedy Central Radio.

Doors open one hour before the show. This show is 18 & over with valid, government-issued photo ID. There is a two-drink minimum per person. Cameras and video/audio recording devices are not permitted. Preferred Seating: $40 General Admission: $30 in advance, $33 day of show. READ MORE

16th Annual Winter Bird Festival
SAT 10:00 AM – 3:00 PM
Chabolla Community Center, 600 Chabolla Ave, Galt


A Celebration of Birds

Free Admission, Free Children’s Activities All Day
Educational Vendors, Live Wild Animal Presentations, Photography Exhibit, Young Art Contest


Celebrate the beauty of birds while sharing your photography. Submit your artwork to be showcased in the Bird Photography Exhibit.

Conservation Ambassador, Gabriel Keschner
Hawks, Honkers, and Hoots, Keli Moulden
Going Batty, Corky Quirk
Keynote Speaker, Krisztina Scheeff

Tall Forest, Dr. John Trochett
Blue Heron Trails Tour, Amy Hopperstad
Staten Island Sunset Tour, Emily Wells
Guided Photography Walk, Cosumnes River Preserve
Tracks and Scat Walk, Cosumnes River Preserve

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