Falling mortgage rates could ignite a surge in California's real estate market, potentially driving prices even higher.
Lower mortgage rates can also be indicators of economic troubles as interest rates typically fall when the business climate slows down.
Historically, when mortgage rates grew, California home prices saw 10% yearly gains, while falling rates led to only 4.4% increases on average.
Rising rates result in a 21% average increase in estimated house payments, posing financial challenges for potential buyers.
Collection
[
|
...
]