You may be one of many people looking for move to the Golden State. From the rolling hills of Northern California’s wine country to the exceptional beaches of Southern California’s oceanfront. The Golden State’s natural beauty and range of outdoor activities are simply indescribable.
Every year, the federal Bureau of Economic Analysis announces its “price parity” report comparing living expenses in 389 U.S. metropolitan areas. This report takes into account the cost of services, goods, and housing. A 49% difference between California’s most-affordable area and its priciest is shown in this report.
There is a reason why many homeowners rushed to refinance their mortgages the last year. Borrowers had an opportunity to capitalize on historically low rates, as they spent most of 2020 on a steady decline. But should you refinance in 2021? Is it the right time?