If you are considering real estate, HotOnSanDiego has Freddie Mac reports that 30 year fixed rates are getting to record low territory.
We thought rates were low a year ago when 30 year fixed rate mortgages were at 3.84%. They are now at 3.35%. The all-time low (set last November) was at 3.31%.
For those interested in a 15 year fixed rate mortgage the rates are even more attractive. It now stands at 2.56%, where a year ago it stood at 2.61%.
While a low inventory of houses is leading to increasing home prices in San Diego, these remarkable low financing rates are …
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Market Trends
May
8
2013
A Hopeful Economy for SD?
San Diego residents can finally see the light at the end of the tunnel. The recent stock market rally shows S&P and the Dow at some of their highest points, a clear indicator that the U.S. economy is pushing through the sluggish past. According to the Associated Press, as of May 3, 2013 this report “will go a long way towards soothing fears of another spring slowdown,” states Capital Economics chief U.S. economist Paul Ashworth. As the summer heats up we can expect the economy to continue to improve as Americans get outside. For example, the tourist boom of summer …
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