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Buying A House In California 2017 Apr 2026The average interest rate for a 30-year fixed mortgage was roughly 4.0% , a slight increase from the near-record lows of 3.6% in 2016. California buyers are legally required to receive a Natural Hazards Disclosure Statement , which was particularly critical in 2017 as wildfires impacted regions like Santa Rosa . buying a house in california 2017 With high competition and limited stock, sellers in 2017 frequently required a mortgage pre-approval letter before even showing a property. The average interest rate for a 30-year fixed Competitive markets often resulted in multiple-bid situations. Buyers were advised to remain data-driven and avoid overextending their budgets. buying a house in california 2017 Supply hit historic lows, with an "unsold inventory index" of just 2.5 months toward the end of the year—the lowest level since 2004. |