Interest rates can have a significant impact on the real estate market in California. When interest rates are low, it can make it more affordable for potential buyers to borrow money to purchase a home. This can increase demand for homes, leading to a stronger housing market. On the other hand, when interest rates are high, it can make it more difficult for buyers to afford a home, leading to a slowdown in the market.
Additionally, changes in interest rates can also affect the value of existing homes. When interest rates are low, the value of homes may increase due to the increased demand from buyers. Conversely, when interest rates are high, the value of homes may decrease as demand from buyers decreases.
Overall, interest rates can have a significant impact on the real estate market in California, and it is important to keep an eye on changes in interest rates when considering buying or selling a home.
We work with a lot of different lenders and we are always keeping an eye out for for to get you the best deal on your loan possible.