California’s Rising Mortgage Interest Rates

Are you aware of the increasing mortgage rates?

The pandemic has given homeowners and homebuyers access to all-time low mortgage rates. However, this golden window is coming to an end as rates start to increase again.

Interest rates are rising due to the expectation of optimistic economic growth. The rise in interest rates yields a decrease in mortgage applications. As the spring selling season approaches home purchasing interest rates are going to increase. The recent and ongoing pandemic had mortgage rates fall drastically as fear of COVID-19 hitting financial markets caused a spike in refinance demand.

How can we help you?

A third party such as Anchor Seaport Escrow can hold large sums of money or property temporarily until a specific condition has been met. A trusted escrow company is pinnacle when working with large transactions.?Anchor Seaport Escrow has been a trusted partner for over 40 years in the real estate community of Southern California. We are here to help not only buyers but sellers and realtors to meet their escrow needs. We provide expert advice and guidance to ensure that our clients are happy. Learn more about how we can be your escrow partner HERE.

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