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, October 29, 2025 / by Vic Markarian
Why Today’s Mortgage Rates Might Be Better Than You Think (For Buyers AND Sellers)
Let’s face it — mortgage rates have been the elephant in the room for a while now. Whether you're buying your first home or thinking about selling and moving up, you've probably found yourself hesitating.
If you're a homebuyer, maybe you're telling yourself: “I’ll wait until rates drop below 6%... THEN I’ll start looking again.”
And if you're a home seller, you might be thinking:“Buyers are waiting on lower rates — I should hold off until next year.”
But here’s the truth: waiting could cost you — and not just emotionally, but financially, too.
The Numbers Tell a Different Story
We all love the idea of snagging a 5.99% mortgage rate. But what’s the real impact on your wallet?
Take a look at this:
The difference between today’s rate (6.19%) and 5.99% on a $400,000 mortgage?Just $51.65 per month.
That&rsquo ...
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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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Thursday, April 24, 2025 / by Vic Markarian
Let’s talk about something most people don’t check nearly as often as their bank account— their home’s value.
But when it comes to your financial health, your home is likely your biggest asset, and it’s been working for you behind the scenes—quietly building wealth. Especially if you’ve owned it for a few years or more, you might be sitting on equity that could open up big opportunities.
So, how much is your house really worth today?
What Is Home Equity and Why Does It Matter?
Home equity is the difference between what your home is worth and what you still owe on your mortgage. It grows two ways:
As you pay down your mortgage
As home values rise
Let’s say your house is worth $500,000, and you owe $200,000 on your loan. That’s $300,000 in equity—and many homeowners in Los Angeles County are in a similar or better position.
In fact, according to Cotality (formerly CoreLogic), the average homeowner with a mortga ...
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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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