Interest Rates are rising. Did you know that interest rates for home loans in 2019 were just about 5% before Covid? They were. So yes, the interest rates are going back up to where they were just before Covid. 2019 was a great year in real estate in California. Home prices were still rising even though we were seeing interest rates at around 5%.
Now about home loans: 30yr Fixed Conforming at 5% with a 25% down payment 15yr Fixed Conforming at 4.125% with a 25% down payment 30yr Jumbo Loans are 4.875% with a 25% down payment VA & FHA are low down payment options. VA options are for U.S. Veterans, only. For more information https://www.phmloans.com/rates
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Drew & Christy Littlemore are realtors with BHHS in La Jolla on Maxine & Marti’s Team, one of the top teams in San Diego. We represent buyers and sellers throughout San Diego County. Drew Littlemore is a La Jolla native as well as co-founder & owner of Headhunter Suncare, one of the leading sunscreen brands for surfers. Christy Littlemore has lived and worked in La Jolla for over 20 years, selling real estate since 2012. Prior to real estate she taught elementary and middle school in the San Diego Unified School District. Want to receive our Housing Market Newsletter and find out what’s happening in the La Jolla & San Diego market sign up here: https://bit.ly/39zQo6P
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Drew & Christy Littlemore
7910 Girard Ave Ste 9
La Jolla, Ca 92037