The Huntington Beach real estate market picked up steam in 2011 when interest rates fell down into the 4% range. Starting in May of 2013, rates began to rise and peaked at 4.67% according to Bankrate.com in September 2013.
But, the 30 Year Fixed Rate Mortgage is all the way back down to 4.15% today according to Bankrate.
This is great news for Huntington Beach home buyers and home sellers!
The lower mortgage rates make payments more affordable and help more buyers qualify for loans, so the lower rates are definitely a win-win for buyers and sellers.
For questions about buying and selling real estate in Huntington Beach and Coastal Orange County, contact Scot Campbell.
He is the President of The Scot Campbell TEAM at Coldwell Banker-Campbell Realtors in Huntington Beach, CA.
Scot is a Previews Property Specialist, has been a licensed for over 27 years, and has brokered over 1000 homes… including just about every type of transaction imaginable.
Read his profile and client reviews at www.ScotCampbell.com
He can be reached at 714-336-0394 (cell/text) or via email at Scot.Campbell@ColdwellBanker.com