Frank Realtor

Mortgage rates are easing, the Fed is set to meet December 19th and expected to raise rates again. With the increase in mortgage rates over the past year, as well as the increase in housing prices it has been tough on the affordability of buying a home here in Southern California. If you are thinking of selling your home or buying, give me a call and I can provide you with a trend analysis for your area. Understanding the strength in your local market is key in this ever changing real estate market.

Mortgage Rates Are Easing This week was “a welcome relief to prospective home buyers who have recently experienced rising rates and rising home prices,” says a Freddie Mac spokesman.

December homes sales California home price closes year on high note as sales moderate in December.