Borrowing While It's Cheap

Record lows for mortgage rates--AGAIN. Just over 4% for a 30-year fixed rate. It's so cheap to borrow money--and with rents soaring in Los Angeles, prices expected to climb even further, it's a wonder why you'd want to rent at all. On top of that, property values have steadily risen since 2009. Remember, real estate over time always makes money in desirable metropolitan areas.