The speculation about the direction Costa Mesa home loan interest rates will soon be taking finally pretty much disappeared last week, given the Fed’s declaration about their intentions. Would-be Costa Mesa home buyers would be hard-pressed to interpret Chairman Jerome Powell’s remarks as anything other than a central banker’s version of a railroad conductor’s “all aboard!”—at least for those intending to take advantage of bargain Costa Mesa home loan rates.

The Wall Street Journal minced no words: “Steadily rising interest rates beginning in mid-March” left little comfort for those whose natural inclination would be to wait on the sidelines until the regular springtime busy season has gotten underway in earnest.

For them, it was USA Today’s front page that chimed in last week with, “Spring is in the…housing market? Home prices are surging early this year….” Their report brought fresh evidence of a reversal of what had appeared to be an early wintertime lull in homebuying activity. The well-documented rise in U.S. home prices had begun to slow in the fall, but now, “a rapid home value appreciation has reignited just ahead of the spring homebuying season.

Three highlights from the USA Today story:

  • After the lull, home prices had begun to surge in December.
  • Many experts blamed buyers’ “rush to beat rising interest rates.”
  • House hunters in December found 20% fewer homes from which to choose.

The Fed’s announcement could only have boosted the number of buyers motivated to “rush” to beat interest rate rises—especially given the expectation that the dearth of listings is bound to continue. All in all, it remained only to see if USA Today’s precipitous call for an early burst of housing market activity will apply here in Costa Mesa. If you are planning to list your own Costa Mesa home, We hope you’ll ask us to research a review of the latest market results to show how your own property stands to perform. Call us anytime for my no-obligation survey!

We are built on a philosophy of Heritage & Hustle. The L3 is a full service real estate agency with a regional office located in the heart of #CostaMesa, offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976.  It’s L3 mission is to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. The L3 was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, The L3 has grown to a full staff of 25 serving over 300 clients a year. The L3 is not limited to serving just its clients; it is also committed to serving the community. Not only has The L3 donated hundreds of hours to many area charities, they have also received the prestige of being named one of the #toprealestatecompaniesinCostaMesa  If you’re interested in #buyingorsellinginOrangeCounty, turn to the experts. Turn to The L3 and let them help you make your real estate buying or selling dreams come true. For more information or to get started on finding or selling your home contact The L3 today at 714-444-4663 or email us at



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