Real Estate newsletter: Will soaring mortage rates sink home prices?

Welcome back to the Real Estate newsletter. By the time I finish writing this sentence, mortgage rates will have probably gone up. By the time you read this, they’ll probably have risen even more.

Mere months ago, 30-year fixed mortgage rates were below 3%. This spring, they soared to 4%. Last week, they hit 5% for the first time in a decade, leaving many wondering whether the rise will cool L.A.’s scorching hot market.On the celebrity side, two California football coaches made headlines this week — one as a buyer and one as a seller.

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