Category Archives: Interest Rates

February 2017 San Diego County Real Estate Report and Interest Rates

February 2017 San Diego County Real Estate ReportThe San Diego County and North County real estate markets are still sizzling hot. But due to rising interest rates and low affordability, experts are predicting a slowdown in both value growth and home ownership rates. Clear Capital predicts appreciation in San Diego County to be a low as 0.9 percent in 2017.

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When Does One-Half Equal More Than Five?

When Does One-Half Equal More Than Five?Since the election, interest rates have started going up. This will have a direct effect on the cost of housing. A one-half percent change in interest rates can affect your monthly payment more than a five percent change in home prices.

When does one-half equal more than five? When interest rates increase! Here’s what a change in interest rates costs you compared to a rise in home prices.

I’ve used a $500,000 purchase price with a 20 percent down payment. Interest rates are broken down in 0.25 percent increments from 0 to 1 percent. Price increases are broken down in 2.5 percent increments from 0 to 10 percent.

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October 2016 San Diego County Real Estate Report and Interest Rates

San Diego County Real Estate ReportPrices in San Diego County and in North County did not change compared to the previous month, but did go up substantially over the last year. Inventory, which should be growing this time of year, is continuing to decrease.

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