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More moving out than into San Diego County

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Net migration sees bigger drop than in the past.

San Diego County had a tough time keeping its residents — and attracting new ones — last year, according to updated population data being released today by the U.S. Census Bureau.

Mark Goldman, a loan officer and real-estate lecturer at San Diego State University, said this could have a negative impact on businesses looking to fill positions with recruits from outside the county.

“(Employees) may not be able to enjoy the lifestyle that they could at a different job, even at a lower wage, because housing and the cost of living is so high here,” Goldman said.

However, Goldman said San Diego’s cost of housing and its unusually negative net domestic migration might not be a cause for concern yet, especially when the number is put into context with the county’s total population of nearly 3.3 million.

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Mortgage Interest Deduction Important?

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cnbcLogoRising interest rates continue to take a toll on mortgage applications, and now maybe a bigger threat over the housing recovery. diana has the details for us. reporter: that’s right, bill. rising rates continue to turn more borrowers away. mortgage applications fell 4% last week from the previous week as the rate on the 30-year fixed rose yet again. take a look. applications to refinance down 4.4% to a two-year low.

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Stricter rules for adjustable-rate mortgages

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marketwatch_logo-1 While many lenders already use the fully-indexed rate to approve borrowers, it’s not a standard used throughout the industry. Some lenders are approving borrowers with a rate that may be slightly higher than the starter rate but less than the fully-indexed rate, says Mark Goldman, senior loan officer with C2 Financial Corp, a San Diego-based mortgage brokerage firm.

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