San Diego Union-Tribune story reports on DataQuick’s most recent statistics. “A rising tide lifts all boats,” would be a good cliche here because as prices continue to appreciate then the fewer number of home owners find themselves underwater with their mortgage.
USAToday reports on the National Association of REALTORS housing statistics for August. The REALTOR Association also predicts a slowing of the increasing sales numbers in the months ahead across the country.
Upgraded two bedroom, two bath condo overlooking the Del Mar Race Track plus Pacific Ocean views.
Interest rates on “jumbo” home loans are lower than interest rates on conventional loans for the first time according to an article in the Washington Post.
CNBC reports that in August lenders began foreclosure on the fewest number of homes in eight years. This is a report covering the entire U.S.
Roger Showley of the San Diego Union-Tribune reports a drop in home mortgage rates in the last week of September. I predict home mortgage rates will fluctuate and be unpredictable as long as the Federal Reserve continues it’s mortgage backed bond buying program. Every time there is speculation about the Fed’s intent to change their bond buying habits the mortgage interest rates have spiked up. I don’t think that speculation is going away soon.