Mortgage loans go hand in hand for most people buying Santa Clarita real estate and this week interest rates were on the rise for the third week in a row. Rates are just below 4.5%, averaging out to be 4.46% for a traditional 30 year fixed rate loan. Last year at this time the same loan was just over 4.7%. When it comes to financing a Santa Clarita property this is still a great rate and while rates are not expected to sky rocket they appear to be steadily rising.
The national trend appears to have home values continuing to decrease. However, examining data for Santa Clarita home sales shows an ever-so-slight increase in home pricing when looking at an overview on the real estate data tracking website Trulia.com. The low rates that are still available beg the questions: “Should I re-finance now?” and “Is now the time to buy a home in Santa Clarita?” The only person who can answer these questions is you, but if you would like to sit down and learn a little more about Santa Clarita real estate, as well as financing Santa Clarita real estate, our doors are always open.
Click here to read a recent article from Realty Times regarding mortgage rates this week.
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.