average 30‑year fixed rate recently hit 5.99%, matching its lowest point in more than two years. This shift is already stirring movement among buyers and refinancers nationwide, and California’s market — long shaped by affordability pressures and rate sensitivity — is poised to feel the effects quickly.
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Will Mortgage Rates finally drop enough for prospective buyers in 2026?
If you’ve been waiting to buy a home, you aren’t alone. A new study from Clever Real Estate shows that almost every single person planning to buy a home this year is waiting for one specific thing: lower mortgage rates.
The Magic Number is 6%.
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What That Means For Santa Barbara Federal Reserve Chair Jerome Powell’s recent speech at Jackson Hole sent ripples through financial...
In 1971, the interest rate for a mortgage was 7.33%. If you waited for interest rates to go down, you wouldn’t have purchased a home until 1993. You would have rented for 22 years waiting for rates to go down, meanwhile the value of real estate quadrupled. Don’t wait to buy real estate. Buy real estate and wait. Marry the house, date the rate.
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There is not a tangible relationship between mortgage rates and the stock market whereby one can be said to directly drive the other. Although they both respond to the same market conditions, their response is difficult to predict. That said, there are some notable patterns by which either mortgage rates or the stock market suggest the behavior of the other. These patterns are based on flows of investment money, as well as the larger economic impact of either a healthy stock market or low mortgage rates.
Wall Street Journal – November 14, 2016 “ The remaking of U.S. politics also is likely to upend the nation’s mortgage...
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