For prospective homeowners, one of the most critical factors in the buying process is the mortgage interest rate. Unfortunately, those interested in buying a home have endured a challenging year in 2022. Specifically, we are talking about the Federal Reserve interest rate hike.
Homebuyers throughout the Southland and across the nation enjoyed rock bottom interest rates for many years, which fueled a buying frenzy throughout Los Angeles and caused values to skyrocket. However, the recent interest rate hikes from the Federal Reserve in 2022 have already impacted the industr