When mortgage rates fall, most people immediately assume buying a home becomes easier. At first glance, that logic makes perfect sense. Lower interest rates generally mean lower monthly payments. Lower monthly payments often increase purchasing power. More purchasing power should make housing more affordable. However, that is only part of the story. What many buyers…
If you’ve been thinking about buying a home in Sonoma County, you’re probably paying close attention to mortgage rates. Interest rates have been one of the biggest topics in real estate over the last few years, and many buyers are wondering whether now is the right time to purchase a home or if they should…