If you have been watching Santa Clarita real estate news lately you may have noticed that mortgage rates are moving up. In fact rates have been on the rise for five straight weeks now, indicating a strengthening economy. What does this mean for someone looking to buy Santa Clarita real estate? Money is getting more expensive to borrow. Just a month and a half ago rates for a 30 year fixed rate mortgage were hovering below 4.2%, this week the same loan is averaging 4.83%, which means rats have risen over half a percent in a short time.
The 4.83% interest rate still offers an affordable loan for anyone thinking about buying a Santa Clarita property however. There are a number of reasonably priced homes for sale in the Santa Clarita Valley and now would be a great time to buy.
Contact us today to learn more about financing Santa Clarita real estate. We have access to all properties currently listed for sale in the Santa Clarita Valley and can put our knowledge and experience to work for you.
Click here to learn more about what is going on with mortgage rates.
Contact us at Remax Santa Clarita today to learn more about Santa Clarita real estate, as well as to have free access to the Santa Clarita MLS and all Santa Clarita properties that are currently listed for sale.