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Kelly Crowther Kelly Crowther

Mortgage rates have fallen to a 13-month low, and buyers are taking advantage of the opportunity. Particularly, the low interest rates have fueled activity in the home market. According to research from Freddie Mac, mortgage interest rates fell to 4.3% in March for a 30-year fixed rate structure. Now, homebuilders are emphasizing the low interest rates in marketing tools, and sales at home communities have increased, especially for new millennials.

“We are starting to see the lower interest rates attract people that were sitting on the sidelines,” Kelly Crowther, sales manager at Loan Depot, who originates loans for Brookfield Residential in Southern California, tells GlobeSt.com. “Where previously some had been in a wait-and-see stance, they are now re-entering the market. This is especially true in communities such as New Haven, developed by Brookfield Residential in the Ontario Ranch masterplan. Here there is a wide-range of entry-level homes attracting buyers, including a large share of millennials and other first-time buyers.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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