December 21, 2015 Comments Off on San Diego Mortgage Rates Not Hurt by Interest-Rate Hikes Views: 609 California News, San Diego

San Diego Mortgage Rates Not Hurt by Interest-Rate Hikes

San Diego mortgage rates are apparently not going to be negatively impacted by the Federal Reserve’s 0.25-percent increase in interest rates announced last week.

Since 30-year mortgage rates are dictated by the yields on mortgage-backed securities, it means that home prices are expected to increase, but experts believe it will take time for the effects to trickle into San Diego County, as the market is experiencing high demand and low supply.

Windermere Real Estate’s chief economist, Matthew Gardner, estimates that the 30-year fixed mortgages, which are currently at 3.97 percent, will rise to 4.6 by the end of next year.

Read More at San Diego Union-Tribune

Connect With Windermere’s Gardner

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , , , , , , , ,

Comments are closed.