Did you know interest rates are back down? With all the talk of how high mortgage interest rates were going up, it’s so nice to see a break their upward momentum. They were hovering closer to 5% and in some cases higher for the latter half of 2018.
Many of our Santa Clarita home buyers here in the Los Angeles County real estate market have been happy to find out they are back down here in 2019. As of today, a 30 year fixed is running closer to 4.5% on average. Of course your credit, lender, and loan product will determine your rate, but now may be a good time to determine if buying a home financially makes sense for you.
With a lot of indicators that still point to higher rates yet for 2019… it’s great to know that historically speaking, rates are still very low. Your purchasing power is still very favorable with cheap money available to you. if you’re considering a home purchase, or perhaps selling a home and buying a replacement… we’re here to help you if you live in LA County.
Santa Clarita home shoppers – please visit us at http://www.SCVHomeTracker.com to locate what’s on the market, and who knows… maybe even your next home! Call/text us anytime at 661-505-1051 direct. DRE #01313126
