With news of an Iranian leader being taken out by US armed forces, equity markets have been impacted negatively and there’s been a flight to the safety of bonds and other lower risk investment vehicles. As such this has caused downward pressure on home mortgage rates which appear largely well below 4% right now, closer to 3.75%, or even lower in some cases for top tier borrowers.

if you’re in the market for to buy a home in 2020, please track the changes in mortgage rates. Discuss rates with your preferred lender. Ask them how a change in rates affects your purchasing power and payments.

Right now with the super low inventory of Santa Clarita housing, which in and of itself creates upward pressure on sales prices… we’re advising our clients that are on the fence about buying a home in 2020, to strongly analyze economic conditions right now, such as interest rates, and their desire to own a home. If you can take advantage of prices where they’re at right now, and interest rates where they are at right now…  it could prove very beneficial.

Can I help you find a Santa Clarita home that fits your budget and criteria? Need to sell a home in order to buy? Let’s talk! Call me direct at 661-373-2374.