Interest Rates: The Roller Coaster We All Love to Hate

If you’ve been keeping up with California real estate news, you know that interest rates have been… a lot. Honestly, they’re like your ex—one day down, the next day through the roof, leaving you confused and annoyed.

But here’s what most buyers don’t realize: interest rates aren’t forever. You don’t marry your rate, you date it. You marry the house. That means you can always refinance later if rates drop. The key is locking in the home you love now so you don’t get priced out later.

Let’s break it down:

• A 6% rate vs. a 7% rate can mean hundreds of dollars more each month. That’s not “just coffee money.” That’s vacation money, furniture money, or “send the kids to summer camp so I can breathe” money.
• Rates also affect your buying power. A shift of even 1% can change how much house you qualify for.

So, should you wait for lower rates? Not necessarily. Housing prices in areas like Tehachapi, Bear Valley Springs, and Kern County are still competitive. By the time rates drop, demand may push prices higher

Bottom line: Don’t let interest rates scare you off. With the right plan, you can buy the home you love now and refinance when the roller coaster dips.