Aug 1 2017 33988 1

Dated: 08/01/2017

Views: 10

As San Diego Mortgage Rates Hold Steady, Diligence Pays 

San Diego Mortgage Rate Jitters Needn’t Spur Hasty Decisions

Buyer’s Remorse, San Diego Mortgage Rates, and Summertime

Mortgage rates in San Diego remained mostly steady this past month, at least partially due to the predictable July-August doldrum effect. When the summertime vacation schedules of Washington and Manhattan movers and shakers presages a slowdown in activity and economic reports, there is simply less going on that might affect the rate meter—in either direction.

Summertime can also mark the beginning of a nationwide tapering off of real estate’s peak selling season. With the added factor of mortgage rates in (town) looking as if they will remain invitingly low for the near future, fear of a sudden rate rise is ebbing as well. It’s the kind of  apprehension that can spur some buyers into feeling the need to scoop up some of San Diego’s current inventory with less than due diligence, so that’s a positive development—especially if a new report from Trulia is accurate.

Trulia’s report highlighted the importance of careful deliberation for new buyers. A wide-ranging poll registered the startling fact that nearly half of Americans are willing to express some form of buyer’s remorse about their home soon after purchase.

Trulia found thetop regretcame in not choosing the right sized home. The lion’s share belonged to the third of homeowners who wished they'd bought a larger place. This might have been expected among those whose budgets wouldn’t accommodate a “dream home” property, yet even among Americans earning $100,000 or more, according to the study, 16% regretted having bought a home that was proving too small for their liking.

The takeaway is simple: if you are thinking of buying in the near future, allowing any outside factors (including San Diego mortgage rates) to push you into a home that isn’t right for you and your family can have an immediate downside. Buying a home is definitely a venture that rewards cool reflection…even when a potential dream home is in on the horizon.

At least for the moment, mortgage rates in (town) remain at historically affordable levels.  If you’re looking to buy this year, be sure to keep your “must have” list handy as you assess the emerging inventory. Better still, when you give me a call, I’ll be happy to turn my professional efforts to helping with the monitoring effort. I’m here all summer standing by!

Blog author image

San Diego Home Network Buyers

Everything happens out of our local office and we are happy to meet with you on video chat or in person anytime. We want your home buying experience to be easy and magical! Let us take care of the det....

Want to Advertise on this Site?

Latest Blog Posts

Mortgage Rates This Week

Mortgage rates continued rising in the last week, breaching 4 percent for the first time since last summer, according to Freddie Mac’s latest Primary Mortgage Market Survey. Freddie Mac’s

Read More

9 House Hunting Tips That Can Assist In Getting Everything You Need

TAKE A LOT OF PICTURES of both, the interior and exterior of the home (especially any spacial features you want to remember).  This will make it much easier when you are comparing homes

Read More

Jan 15 2018

Thinking of Selling? Now is the Perfect Time Monday January 15th, 2018  For Sellers, Move-Up BuyersIt is common knowledge that a great number of homes sell during the spring

Read More

What Home Sellers Can Expect In 2018 The Market Is Still In Your Favor If The Price Is Right

What home sellers can expect in 2018: The market is still in your favor if the price is rightBy Ilyce Glink and Samuel J. Tamkin January 10 (Jim R. Bounds/BLOOMBERG NEWS) If you sold

Read More