Good news on the Orange County real estate front! Federal interest rates have dropped AGAIN, making it a no-brainer for real estate investors to start snatching up properties up and down the Orange County coastline. The average 30-year fixed loan is at a new record low, averaging 3.88 percent and .8 point. The 5-year ARM had no change, remaining at 2.82 percent for 2 straight weeks.
These rates might just be too good to be true, so be prepared for loan pricing to change in the coming days. If you are contemplating refinancing or you are in the middle of a purchase, it might be wise to lock in your interest rate as soon as possible. Call an experienced Orange County realtor today to learn more about investing in a piece of Orange County real estate.
Whether you are looking to purchase your dream home for yourself or your family, or you want make a wise investment in Orange County real estate, now is the time. A stable job and good credit will help you qualify for a loan at these unheard of rates. A knowledgeable South Orange County real estate agent can help you determine which home at which price will be the best match for you.
For more Orange County real estate news, follow Cheryl on Twitter @CherylSellsOC!
Cheryl Marquis has been an active and successful real estate agent in South Orange County, California for more than 25 years. As a TOP PRODUCER in her company, Cheryl has received the specific accreditation of a Certified Relocation Specialist (CRS) and Accredited Buyers Agent (ABR) and is a member of the Who’s Who of Luxury Real Estate, a select network of the world’s leading luxury home agents. A member of C.A.R. (California Association of Realtors), N.A.R. (National Association of Realtors) and O.C.A.R. (Orange County Association of Realtors). To talk to Cheryl about buying or selling a home in Orange County, call her at 949.683.1501 or visit her online at www.CherylSellsOC.com.