It is commonly thought that mortgage interest rates are up. This assumption comes from the fact that the Fed recently raised their rates by a quarter of a percent. The truth is that mortgage interest rates have actually declined and remain well below 4% for conventional 30 year fixed rate mortgages. Last week rates continued to decline and we saw rates as low as 3.68%. Yes, rates may increase over time, but right now mortgage rates remain at historic low levels and there has never been a better time to look at homes for sale in San Diego.
If you are considering a home purchase the first step is to talk with a lender. There are many very qualified mortgage specialists in the San Diego area and our advice is to connect with one of them rather than using an online company. If you would like a list of the mortgage professionals that we have found to be excellent with both rates and service, please get in touch.