For the first time in months, a San Diego home is now worth more than it was a year ago.
For the full article click here.
Mortgage Rates Are Heading Back Up as Resilient Economy Stokes Inflation Fears
A key bond market indicator is signaling mortgage rates are headed back up and may even push the average for a 30-year loan past its recent 20-year high of more than 7%.
For the full article click here.
When moving means a higher mortgage rate, why sell?
Just about everyone who owns a home in this country is hanging on to it. The number of existing homes, as opposed to newly built, that sold in May was 20% lower than a year earlier. That’s according to data released Thursday by the National Association of Realtors.
For the full article click here.
‘People waiting for prices to come down will be disappointed’: San Diego home price rises for 2nd month
San Diego County home proces in April rose for a second month after nine months of declines – and it is happening with very few sales.
For the full article click here.
Explaining how the Fed raising interest rates impacts mortgage rates
Loan Officer from C2 Financial Group, Mark Goldman discussed how the Fed raising rates impacts mortgage rates and if now is a good time to buy a home.
For the full article click here.
San Diego home prices: annual gains wiped out
If you bought a San Diego home one year ago, there’s a chance it’s now worth less than what you paid.
San Diego County’s median home price was $750,000 in February, said CoreLogic data released Wednesday, down 2.6 percent from the same time last year. It’s the first time in more than three years that the annual price went down. It also marked the ninth month in a row of price declines.
For the full article click here.
San Diego home price drops for first time this year
San Diego’s home price dropped for the first time this year as rising mortgage rates slowed seeimingly unstoppable gains.
June’s median home price in San Diego was $825,000, down from the all-time high of $850,000 reached the previous month.
For the full article click here.
Housing market may show signs of cooling
A new report from Zillow says many homes in San Diego County are selling in just under a week, but experts say the housing market is showing a few signs of cooling.
San Diego loan officer Mark Goldman says low supply and high demand are continuing to push home prices up in our region. That’s despite interest rates jumping in the last year to about 5 percent for a 30-year-fixed loan.
For the full article click here.
San Diego home prices continue to grow as Federal Reserve rates rise
The Federal Reserve’s decision to raise interest rates has many wondering if San Diego’s sky-high housing prices will finally come down, but analysts say the Fed’s move can only do so much in our supply-strained county.
“I get text messages, I get emails, I get calls,” said Loan Officer Mark Goldman, of C2 Financial.
“Not only do I get them for my private residence, but I also get calls because my company has the name realty in it.”
For the full article click here.
Mortgage Rates Approach 5% As Fed Tightens And Inflation Rattles Bond Markets
U.S. mortgage rates approached 5% on Friday, the highest daily average in more than four years, as war-worsened inflation fears spooked financial markets and the Federal Reserve ended a two-year emergency program that boosted demand for bonds containing home loans.
The average locked rate for a 30-year fixed mortgage eligible to be backed by Fannie Mae and Freddie Mac – the most common form of home financing – rose to 4.87% on Friday, the highest since late 2018, after rising a third of a percentage point in a week, according to data from Optimal Blue. The average 30-year jumbo rate increased to 4.4%, the highest since 2019.
For the full article click here.