Market News

Oct. 9, 2024

Rate cuts were supposed to push mortgage rates lower. The opposite has happened.

The Federal Reserve's jumbo interest-rate cut in mid-September was welcome news to prospective homebuyers, with the expectation that a lower federal funds rate would help push mortgage rates lower. 

 

Instead, the opposite has happened. 

Since Fed Chair Jerome Powell lowered interest rates by 50 basis points …

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Posted in Market News
Sept. 24, 2024

How far could mortgage rates drop before the end of 2024?

San Diego Homes & Lower interest Rates

The Federal Reserve's 50-basis-point rate cut from September 18 has started to push mortgage interest rates down, bringing a glimmer of hope to potential buyers. With two more Fed meetings scheduled before the end of 2024, we could see rates continue to fall.

Experts are weighing in on how …

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Posted in Market News
Sept. 17, 2024

San Diego’s prices drop as inventory grows!

San Diego ome Prices FallIt may have gotten a little easier to buy a home in the San Diego market, according to a new reports by numerous sources.

In a housing overview of the nation’s largest metros last month, the median sales price for a home in the San Diego-Chula Vista-Carlsbad area was $999 …

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Posted in Market News