SHOULD YOU WAIT FOR LOWER MORTGAGE RATES TO BUY IN PALOS VERDES OR REDONDO BEACH?
If you’ve been waiting for mortgage rates to drop before buying a home in Palos Verdes or the South Bay Beach Cities, you’re not alone. But here’s the truth — waiting for that perfect 5-point-something rate could actually end up costing you more on the long run, not less.
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Why Waiting for a Lower Rate Could Backfire
According to the National Association of Realtors (NAR):
“A 30-year...