Some good news in San Diego Real Estate, mortgage rates are said to stay at record lows for a bit longer.
Federal reserve chairman Ben Bernanke announced last week his intention to purchase $600 billion of Treasury bonds, signaling that historically low mortgage rates aren’t going anywhere -- except possibly lower still...
If you are a home buyer, what this means to you is, this is your opportunity to lock in a low rate on your home purchase. Your first step is to obtain a pre-approval letter from your lender of choice. This will give you confidence in your home search of your monetary commitment (knowing what it will cost you every month) and finding the right property within your budget. Nothing more frustrating than finding your dream home and then coming to the realization you can't afford it. So, stay within budget, you will surely find a great home in today’s economical real estate market.
If you or some one you know is looking to buy or sell anywhere in San Diego, give us a call 858-461-1402.