How Interest Rates Affect Imperial Valley Buyers

Interest rates directly impact how much home buyers in Imperial Valley can afford. Even small rate changes can increase or decrease monthly payments significantly. While rates today are higher than in previous years, local home prices remain more affordable than many California markets. This creates opportunities for buyers who plan strategically. Many buyers choose to buy now and refinance later rather than wait and face higher prices or limited inventory. Understanding your buying power with today’s rates helps you make realistic offers and avoid surprises during escrow.