Published April 12, 2022

April 2022: Mortgage Rates Are Rising Again

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Written by Marcus Ibrahim

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Team Ibrahim Real Estate Update | April 2022
YOUR MARKET UPDATE
Mortgage Rates Are Rising Again

The Mortgage Bankers Association predicts the mortgage rate to reach an average of 4.5% in 2022 as compared to 3.1% in 2021. Inventory is still at an unprecedented low but the rising interest rate should slow down home price growth as buyers reassess their buying power. 

Sellers, an increase in mortgage rates means buyers can afford less. If rates remain high or climb higher, offers may become less attractive. Please reach out for a complimentary specific analysis of your home!

Buyers, please check with your lender for an updated evaluation of your debt-to-income ratio so your pre-approval is up to date and you are able to offer confidently. If you would like us to recommend a lender, please let us know. We would be happy to help!

Average Mortgage Rate Over the Past 5 Years
 Local Easter Events 
With Easter right around the corner, we've gathered some local Easter celebrations for you to enjoy. If you are unable to join a church service in person, you can still attend virtually. Use the links below to find one near you!

SEARCHING OFF-MARKET?

We just found 2 deals for our buyers off-market! Ask us how!

RECENT TEAM HIGHLIGHTS 
SOLD: $50,000 OVER LIST PRICE
LAKE MATHEWS, CA
4 Bed | 5 Bath | Panoramic Views

This luxury home was custom-built, sparing no expense & is fully fenced w/ an automatic front gate that can be controlled via phone w/ a camera & code for remote entry. The open concept kitchen, living room, dining room & sitting areas are great for large gatherings & feature built-in speakers & media center, perfect for entertaining!


Congratulations to our seller!
SOLD: 3.4% OVER LIST PRICE
EL MONTE, CA
3 Bed | 2 Bath | Great Amenities

Welcome to this spacious and well-kept 3 bed, 2 bath home, recently built in 2019 with almost 1,500 sq ft! It includes many modern conveniences and great amenities like a pool and playground in Brookside Country Club! 

Congratulations to our sellers!
CLOSED: +$11,000 IN EQUITY MORENO VALLEY, CA
4 Bed | 3 Bath | New Construction Home

This brand new construction home has already gained $11,000 in equity since our client first opened escrow. She was officially handed keys this last week to her BRAND NEW HOME!

Congratulations to our buyer!

How can we help you today?
Over 100+ Closed Deals
Please reach out anytime!

We are always available.

REALTOR® 
eXp Realty of California, Inc.

Call/Text Marcus: 
(626) 605-1840

Call/Text Ashley:
 (626) 727-7226
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