"ALL GOOD THINGS MUST COME TO AN END..." Last week, the Fed restated that, once again that their Mortgage Backed Security (MBS) purchase program (the program that has done much keep home loan rates low for most of the last year...will end on March 31, 2010.
This means there will be less money to borrow. Simple supply & demand...less money to borrow means interest rates to rise!
It is important that buyers get in line for the lower current interest rates early while the supply is high and the rate is low.
This will put double pressure on prices in the short term, especially from early Feb. through mid March. Higher interest rates on the horizon and the end to the tax credits, along with a shortage of inventory means prices will rise quickly in the first quarter, especially in the under $500K market.
Buy early and save 3 ways...Lower prices and lower interest rates now along with the tax credits.
Call me now to see how you can beat the rush, get a great home with low interest rates at a good price and use your $8000 or $6500 tax credit. 760-436-0087
Dennis Smith, ABR, SRES, e-PRO, CDPE, Realtor® DRE# 00476662
Certified Distressed Property Expert
Taylor Place Real Estate
Buy or Sell a Home with Me, Use my Moving Truck - F R E E for life.
dennis@SanDiegoHomes4u.com
760-436-0087, or cell at 760-212-8225
http://www.sandiegohomes4u.com/home.htm
My Market Trends Report with graphs and charts for North Coastal San Diego will give you the Sales Statistics for the month and compare it with last year, by city!
http://www.sandiegohomes4u.com/RealEstateTrends.htm
You can view all available San Diego area homes for sale at http://www.sandiegohomes4u.com/MLS_Search.htm
You can search by address, by MLS number or by general criteria.
Providing quality Real Estate services in the North Coastal San Diego area including Del Mar, Solana Beach, Rancho Santa Fe, Cardiff by the Sea, Encinitas, Leucadia, Olivenhain, Carlsbad, La Costa, Aviara, Oceanside, Vista, San Marcos, San Elijo Hills, Escondido & San Diego County.
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