Interest rates are currently low in select areas of Los Angeles County.
Interest rates have been on everyone’s mind recently. They’re sitting around 7% right now, which is much higher than they were just a short while ago. If you’re a buyer who is discouraged by higher rates, I have good news for you: There is a 3.79% interest rate available for a 30-year fixed-rate loan in Los Angeles County.
In areas like North Long Beach, Pasadena, Arcadia, and other familiar places, buyers can qualify for this extremely low interest rate. This isn’t just good news for buyers. If you own a home in one of the qualifying areas, you can entice buyers and drive up crazy competition for your property.
As long as your loan amount is below $1 million and you’re in a qualifying area, you can get this crazy low rate. Call or email if you’d like to learn if you’re in one of these areas. I look forward to hearing from you!