Hayward, California Mortgage Rates and Real Estate Overview

The downtown district of Hayward, Calif., once called the “Golden Strip,” recently got a face lift thanks to a business deal between the city and local store owners. Hence, the city’s new sidewalks, streetlights, business facades and landscaping. This renovation is symbolic of a larger downtown renaissance in which the city has seen the opening of new galleries, a library and a research center. Exciting times for Hayward! On the economic front, Hayward remains a significant manufacturing hub for both traditional and high-tech industries, the latter earning Hayward a reputation for being a northern section of Silicon Valley. Unemployment in the city stands at 7.4 percent, higher than the national average but lower than California as a whole. Total Mortgage has incredibly low mortgage rates, See how much you can save today.  Hayward is a good alternative to San Francisco if you want to avoid that city’s expensive home values. Within the Bay Area, it’s also considered a safer place than nearby Oakland and Richmond. The median home sales price in Hayward is currently $408,000, making it a cheaper option than Oakland but not Richmond (at $310,000). Some of the best neighborhoods in Hayward are located on the city’s south side, including Fairway Park with its older, Ranch-style homes close to the Taper Hills. Besides quality housing, Fairway Park also features great Mexican restaurants. Two other popular neighborhoods, both close together, are Hayward Hills and Stonebrae. Hayward Hills is a desirable, oak-lined neighborhood with beautiful views. If you’re interested in suburban-style living, Glen Eden features small, reasonably priced homes and some new apartment buildings. If you plan on buying a home in Hayward, you should know what kind of mortgage payments to expect. The Zillow mortgage calculator currently gives 30-year fixed-rate mortgage rates in the area ranging from 4.03 to 4.14 percent. For an average property in Hayward, you should expect to make monthly payments between $1,558 and $1,582. Are you looking to refinance your current mortgage or buy a new home?  Rates are close to the lows of the year, and you may be able to lock in a low rate for many years to come. Call us today to get a free rate quote or to speak with one of our licensed mortgage professionals.