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Category: CashOffrs

Southern California housing prices will fall, some experts say. The question is how much

Rising mortgage rates have slowed the housing market across the nation and Southern California. Sales are down, inventory is rising and many prospective buyers and sellers have a simple question: Will home prices fall? According to some analysts, the prospect is growing more likely as the slowdown deepens, with some now adjusting their forecasts to

Demand for big mortgages is shrinking

According to CNBC last week, Demand for big mortgages is shrinking as home prices moderate and expensive houses linger on the market. Mortgage applications to purchase a home fell 4% for the week and were 18% lower than the same week one year ago. The average contract interest rate for 30-year fixed mortgages with conforming