Thinking about a career in San Diego real estate sales?
Email me today for a private San Diego real estate career consultation.
Email me today for a private San Diego real estate career consultation.
On December 18th, the Fed announced their first rate hike in nearly a decade. It’s going to take some time to affect long-term interest rates. However, we want our buyers and sellers to be conscious of one thing.
If rates today are at 4%, a .5% hike affects mortgage payments the same as a 10% jump in price. In San Diego, the median price for a single-family home was $702,000 last month. That means 10% of that would be $70,000! That’s $70,000 lost in purchasing power.
If you’re thinking about buying today, do it today before rates increase! Give me a call or send me an email today.
