Exciting News for Homebuyers in Los Angeles and Beverly Hills, CA: Interest Rates Have Dropped!
By Christophe Choo Posted Dec 28, 2023 Latest Updates, Market Activity, Real Estate Advice for Buyers & Sellers, Videos
🎉 Post-holiday cheer continues! 🏡 Exciting news for homebuyers: Interest rates have dropped to 5.875% to 6% in LA! 📉 Conforming loans up to $766K now at 5.875% and jumbo loans at 6%. A few months ago, they were soaring in the 7s! 📈 This drop is drawing buyers back into the market, especially with the low inventory in LA and Beverly Hills. 🌟 Expect home values to rise, with a projected 5% increase for 2024. The perfect moment to invest in your dream home is now! 🌟
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