nervous

Christine and Michael Hawkins in their recently purchased condo in Canoga Park. The Hawkins took out a mortgage at the peak of their budget and planned to refinance when rates fell. Now they fear that they will not be able to refinance. (Mel Melcon/Los Angeles Times) Soaring mortgage interest rates threatened to crush Michael and …

As home prices fall, Southern Californians who bought at the high are nervous Read More »

Soaring mortgage interest rates threatened to crush Michael and Christine Hawkins’ dream of home ownership. But this fall, when the couple saw a Canoga Park condo languishing on the market, they hatched a plan. They would submit a “low ball” offer that they could accept if they reduced their vacations, shopping and dining out. In …

As home prices fall, Southern Californians who bought at the high are nervous Read More »