Are falling interest rates and home prices changing your home-buying strategy?

Andrew Khouri
·1 min read
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MISSION HILLS, CA - October 11, 2022 - A home for sale in the Mission Hills area of Los Angeles Tuesday, Oct. 11, 2022 in Mission Hills, CA.(Brian van der Brug / Los Angeles Times)
A home for sale in the Mission Hills area of Los Angeles in October 2022. (Brian van der Brug / Los Angeles Times)

After topping 7% last fall, mortgage interest rates have fallen in recent months.

While still far higher than at this time last year, today's rates are now in the low 6% range. Couple that with recent home price declines, and homes are slightly less expensive than they were a few months ago.

The change presents potential buyers with a choice: They can jump into the market now or keep waiting with the hope that rates — and home prices — will fall more.

If you recently made that decision or are currently thinking it over, The Times would like to speak with you.

This story originally appeared in Los Angeles Times.