Category: Wildfires
Market Pulse January 2025: Wildfires, rates, and the evolving California housing market
Mortgage rates over the year did fall from the 7.7% height they hit in October 2023, drifting closer to the lower 6% range over August and September as the anticipated Fed rate cut hit. However, as of mid-October, mortgage rates have floated back up to 6.44% for a 30-year fixed loan.
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