Whether you want to live amongst the stars in Hollywood,
sample the finest wines in Napa, or
go snowboarding in Tahoe with the Governator, the possibilities for
Californication are endless, provided you are locked in with an ideal mortgage
rate. But buyers beware, as the worst
foreclosure crisis since the Great Depression drags down the National economy,
the government is making only limited progress this year on proposals for
sweeping changes in the home mortgage industry and rates. Therefore, finding the lowest mortgage rate
possible has been made an absolute necessity and made easy with www.shoprate.com!
Although this may be a daunting time to buy, and with
California housing prices already touching the Stratosphere, there is relief
for future California homeowners still searching for that low mortgage rate.
Recent statistics have shown that California
homeowners pay their loans on time more reliably than homeowners in all other
states but one -- high-cost, high inflation Hawaii.
Even if you cannot obtain the ideal rate due to economic and fiscal restraints,
buying a home in California can
pay off dividends in the end as median home prices continue to climb, nearly
25.2% the previous year. Even if you
miss out on the lowest rate found on shoprate.com, you can still pay off that
mortgage as the value of your future California
home continues to rise!
On average, future California homeowners pay $3,022 for closing costs, $274 more than the national average of
$2,748. Yet that extra cash may be worth
it as Southern California’s very own Mission
Viejo was recently named the “Safest
City in America.” New families looking for a new home and an
extra low mortgage rate will do well by historical standards by locking in
their rate for under 7% on a 30 Year Fixed Mortgage. Last week, the 15, 20, and 30, yes all three
long-term fixed mortgage rates, declined to 5.88%, 6.29%, and 6.29%
respectively. While the rest of the
nation’s housing prices are on the deep decline, and with California’s housing
prices on the increased incline, locking in on a low long-term fixed mortgage
rate would be the investment opportunity of a lifetime, and every day not spent
in sunny California is a lost investment opportunity as mortgage rates are
prime for the picking, and as the tide is turning on the bottoming out on the
National Housing Mortgage Rate Crisis, it’s time to go Hollywood!
If you need help with the mortgage process you can visit our Learning Center, or you can use our Mortgage Calculators to estimate your expenses.
Be sure to sign up for our e-mail interest rate alerts that inform you when rates in your area hit your target level. Please feel free to contact us with any question or concerns. We hope you enjoy your visit and thanks for visiting ShopRate.com!