Two California football coaches made big moves this week, and skyrocketing mortgage prices have many wondering whether L.A.'s hot market will finally cool.
Welcome back to the Real Estate newsletter. By the time I finish writing this sentence, mortgage rates will have probably gone up. By the time you read this, they’ll probably have risen even more.
Mere months ago, 30-year fixed mortgage rates were below 3%. This spring, they soared to 4%. Last week, they hit 5% for the first time in a decade, leaving many wondering whether the rise will cool L.A.’s scorching hot market.On the celebrity side, two California football coaches made headlines this week — one as a buyer and one as a seller.
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