Mortgage applications and rates down

The real estate market typically cools around the holidays, and can often provide a mini-buyers market. This year looks especially good, as rates are have again gone down.

According to MBA, "Fixed 30-year mortgage rates averaged 5.64 percent last week, excluding fees, down from 5.70 percent the prior week."

Therefore, buyers have less competition and good rates to work with this holiday season.

If you are interested in purchasing a Southern California home, click to contact a Los Angeles Area Real Estate Agent.