I've had a lot of clients asking me about what has caused the recent uptick in interest rates. Here's a great, really quick video from the WSJ explaining the recent rise in interest rates:
There's also a little bit in there about how "staying on the fence" could lead to a higher monthly payment. That said, it is still a great time to buy in San Diego as prices are still well off their 2007 peaks and interest rates are still historically low.
If you are looking to buy or sell a home in San Diego County or would like more information on the San Diego real estate market please contact me at (619) 772-1574, email@example.com.
According to the National Association of Realtors ?2012 will set records for the best home buyer affordability. 2013 is also expected to be right up there as well. With historically low interest rates and home prices continuing to rebound off the bottom now is the time to buy!
Read more about the study here.
Contact Michael today if you are looking to buy or sell a home or if you would like more information on the market. Start your search for a San Diego home today!