How good do current homeowners currently have it?

89% of Californians with a mortgage have a mortgage rate at or below 5%. 71% have a rate at or below 4%, and 29% are fortunate to be locked in at 3% or lower. Eventually, rates will drop enough to encourage more homeowners to stop staying put and list their homes for sale. But rates will probably need to drop to the mid-5s for that to happen.

Interest rates, mortgage rates, Los Angeles real estate market

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And if you are and want to know more about it or if you have questions about real estate and investments, feel free to reach out.