Act Now: Lower Interest Rates and Rising Competition for California Homebuyers

The Federal Reserve Rate Reduction: A Key Opportunity for Buyers

If you’ve been hesitant to purchase a home in California, the recent Federal Reserve interest rate reduction offers a key opportunity you don’t want to miss. Historically, reductions in short-term interest rates are closely linked to declines in mortgage rates, and we’ve already seen rates drop by 0.25% to 0.5%. This trend is expected to continue into 2025, creating an ideal window for buyers to lock in more affordable rates.

Low Inventory and Increased Competition

However, it’s important to act fast. Housing inventory remains historically low, and as interest rates decrease, competition for homes is expected to rise. The result? Higher housing prices, bidding wars, and a need to potentially overbid on properties. This dynamic can ultimately reduce your purchasing power.

Take Advantage of Lower Rates Before It’s Too Late

Now is the time to get ahead of the competition and take advantage of these favorable rates. At National Pacific Lending, I, Reem Misto, will work with you to evaluate your unique financial situation and help you make the best decision. Together, we can secure the right mortgage for your dream home before market conditions become more challenging.

Work With a Trusted Mortgage Advisor

Don’t wait—let’s navigate these changing times to your advantage. Working with a trusted mortgage advisor can make all the difference. I am committed to providing personalized guidance to help you achieve your homeownership goals.