California Association of Realtors recently released their latest infographic on the home financing trends in California. Curious how you stack up to the average Joe Schmo?

Truthfully I didn’t find this information surprising in the least.  Most of the buyers I’ve been working with recently fit perfectly here with 30 year conventional loans of approximately 20% down.

What does surprise me is the 91% of people getting fixed rate loans. Considering all the hype about how adjustable rate mortgages caused the last crash, I haven’t even seen lenders offering that as an option.  I wonder where people are finding them available…

If you’d like more information on the San Fernando Valley or Los Angeles, or to have help looking for your next home, please feel free to reach out! I’m happy to help, no obligation.

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