Thursday, December 4, 2025 / by Vic Markarian
Why More Homeowners Are Giving Up Their Low Mortgage Rate
If you’re one of the many homeowners sitting on a 2–3% mortgage rate, you’ve likely thought:“I’d love to move… but not if it means giving up this great rate.”
You're not alone — that low rate may feel like your best financial asset. But here’s the reality:A low rate doesn’t help if the home no longer fits your life.
And as the data shows, more and more homeowners are reaching the same conclusion.
Homeowners Are Giving Up Their Low Rates
The “lock-in effect” — where homeowners stay put to hold on to their low mortgage - has been strong. But it’s starting to ease.
According to the latest data from the Federal Housing Finance Agency (FHFA), the share of homeowners with rates below 3% is trending down, while more are taking on 6%+ rates — despite the cost.
And it's not just a blip.
In fact, the number of mortgages with a rate ...
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Wednesday, September 10, 2025 / by Vic Markarian
Mortgage Rates Just Dropped - Here's What That Means for You
If you’re a homebuyer who’s been feeling stuck — watching prices stay high and mortgage rates refuse to budge — you’re not alone. But last week, something finally shifted.
And it could make the home you’ve been dreaming of a whole lot more affordable.
Big News: Mortgage Rates Just Took Their Biggest Dip in Over a Year
On Friday, September 5th, average 30-year fixed mortgage rates dropped to their lowest point since October 2024.
It was the biggest single-day drop in over 12 months.
This change wasn’t random. It came right after the August jobs report showed weaker-than-expected numbers for the second month in a row. That kind of data tells financial markets that the economy may be cooling, which often causes mortgage rates to fall.
Why It Matters for You
This isn't just another economic headline — this is real money in your pocket.
Take a look at the chart below ...
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Thursday, May 1, 2025 / by Vic Markarian
Talks of a potential recession are making headlines again—and naturally, buyers and homeowners are asking: “Will my home lose value?” “Will mortgage rates spike again?”
Let’s break down what typically happens in the housing market when the economy slows down—and why you may not need to panic.
A Recession Doesn’t Always Equal Falling Prices
Many people assume a recession means home prices will drop, like they did in 2008. But that downturn was unique—and driven by overbuilding, loose lending, and a foreclosure crisis.
In fact, home prices have actually increased in 4 of the last 6 recessions.
As you can see, only 1991 and 2008 saw declines, and 2008 was the real outlier at nearly -20%. Today’s market is very different—inventory is still tight, especially in Los Angeles County. Demand continues to outpace supply, and that’s keeping prices stable or rising in most markets.
So, if you're worried about a cra ...
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Tuesday, March 25, 2025 / by Vic Markarian
?? Your Roadmap to Homeownership in Los Angeles
Thinking about buying a home in Los Angeles? Whether you're a first-time homebuyer or making a move, navigating the homebuying process can feel overwhelming. Here's a simple roadmap filled with expert tips to help you move from dreaming to owning—stress-free.
1. Assemble Your Dream Team
Start by partnering with a top Los Angeles real estate agent and a trusted mortgage lender. Having the right professionals in your corner makes all the difference.
2. Check Your Credit Score
Lenders will review your score, so check it first. A higher credit score can lead to better mortgage rates and more loan options.
3. Boost Your Savings
Prepare for a down payment, closing costs, and moving expenses. Explore homebuyer assistance programs in California to see if you qualify for financial support.
4. Get Pre-Approved
A mortgage pre-approval helps you understand your budget and shows sellers you're serious when it's time to make an offer.
k ...
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Thursday, December 5, 2024 / by Vic Markarian
One of the biggest questions on everyone’s minds right now is: when will mortgage rates come down? After several years of rising rates and a lot of bouncing around in 2024, we’re all eager for some relief.
While no one can project where rates will go with complete accuracy or the exact timing, experts offer some insight into what we might see going into next year. Here’s what the latest forecasts show.
Mortgage Rates Are Expected To Ease and Stabilize in 2025
After a lot of volatility and uncertainty, the most updated forecasts suggest rates will start to stabilize over the next year, and should ease a bit compared to where they are right now (see graph below):
As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says:
“While mortgage rates remain elevated, they are expected to stabilize.”
Key Factors That’ll Impact the Future of Mortgage Rates
It’s ...
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