Bay Area home you can afford might surprise you
Understanding the Financial Landscape
In addition to exploring different neighborhoods, understanding the financial landscape can help you make a more informed decision. Mortgage rates have remained relatively low, which can significantly impact the affordability of a home. As of the latest data, the average 30-year fixed mortgage rate is around 3%, which is favorable for buyers2. This is an ideal time to lock in a low rate and secure a home that fits your budget.