SoCal real estate market might cool, just not yet
Applications for home mortgages increased in the last week ending January 14.
Mortgage industry analysts say consumers are still taking advantage of low rates to purchase homes and refinance mortgages on their homes. According to industry reports, fixed 30-year mortgage rates averaged 5.64 percent last week, and 5.7 percent the previous week.
Los Angeles real estate has shown some signs of stabalizing, as has Orange County, but the Inland Empire continues to be a real hot spot.
Nonetheless, the overall Southern California real estate market keeps moving forward, and until mortgage rates go up, that trend will probably continue for the next several months, minimally.
Need a Los Angeles real estate agent or mortgage broker?
Mortgage industry analysts say consumers are still taking advantage of low rates to purchase homes and refinance mortgages on their homes. According to industry reports, fixed 30-year mortgage rates averaged 5.64 percent last week, and 5.7 percent the previous week.
Los Angeles real estate has shown some signs of stabalizing, as has Orange County, but the Inland Empire continues to be a real hot spot.
Nonetheless, the overall Southern California real estate market keeps moving forward, and until mortgage rates go up, that trend will probably continue for the next several months, minimally.
Need a Los Angeles real estate agent or mortgage broker?
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