Mortgage Interest Rates Dropped!
This week the Fed raised short-term rates again yesterday but only by ¼% and as we predicted, mortgage interest rates went down.
As interest rates continue their slow downward trend, buyers are back. We are seeing a high turnout of interested buyers at open houses. Homes in...
How a Payment Buydown Can Help You Purchase NOW!
Encouraging inflation readings are resulting in the lowest mortgage interest rates we have seen in the past 4 months. We expect interest rates to continue their slow decline throughout 2023.
What can you do NOW to jump into the market before demand increases and you have less...
A Tale of Two Buyers
You:Find your new home on the markettoday for $1,000,000. Knowing you have negotiating power, you put an offer in for $980,000 and it gets accepted. Securing an 80% loan at 6% leaves you with a payment of $4,700 including principal and interest.
Your Friend:Decides to wait...
2023 Loan Limit Increases
The Federal Housing Finance Agency (FHFA) announced the 2023 conforming loan limits.
The new conforming loan limit for all counties will be $726,200 (an increase of $79,000 from the 2022 limit of $647,200.) San Diego County’s high balance limit has increased...