Today, the Federal Reserve decided to keep interest rate at zero, which bodes well for San Diego home sales and the Carlsbad real estate market. Weakening global economy was the prime impetus for not moving the needle. However, a rate hike is definitely expected by year end, according to Yahoo News: Nevertheless, 13 of the 17
by Selena Cowell How does the rise in interest rates impact home affordability in San Diego? Interest rates in San Diego are still historically low, but both the Federal Reserve and Ben Bernanke have pretty much signaled the end to the Bar of Insanely Low Mortgage Rates. The Fed is about to reduce its program
by Roberta Murphy The past couple of weeks have been full of buyers moaning about rising interest rates. A few fearful agents are even speculating the San Diego real estate market is going straight over the cliff. Hogwash! We were selling homes all over San Diego a few years ago when rates were 5 and
by Roberta Murphy The San Diego real estate market is red hot, and we can’t help but wonder if increased mortgage rates might cool things down a bit? That would be great news for investors, but a struggle for some home buyers. It seems the Mortgage Bankers Association, Fannie Mae and our own National Association
Housing Predictions For 2009? Keep 'Em To Yourself.