Current Mortgage Rates for Tuesday March 27, 2018

Current Mortgage Rates for Tuesday March 27, 2018

Current mortgage rates for this Tuesday afternoon are mostly holding steady.┬áThe national average for the 30 year fixed mortgage is 4.45% and the average rate for the 15-year mortgage is 3.91%. (more…)

San Diego Housing Supply Shortages Causing Slowdown in Homebuyer Activity

San Diego Housing Supply Shortages Causing Slowdown in Homebuyer Activity

Housing demand in San Diego, California dropped approximately 19% month over month to 119 in February, according to the latest Index report released this week from Redfin.

The fall in demand was due to the lack of supply of homes currently available for sale.

I released the National Index from Redfin which showed a 14.1% month over month – the lowest level of homebuyer demand in 11 months.

Ongoing Housing Supply Shortages Causing Slowdown in Homebuyer Activity

Ongoing Housing Supply Shortages Causing Slowdown in Homebuyer Activity

Housing demand dropped 14.1% month over month to 110 in February, according to the latest Index report released this week from the Seattle based online real estate brokerage, Redfin.

Redfin stated that this represents the lowest level of homebuyer demand in 11 months and the largest month-over-month decline on record for the Demand Index, going back to January 2013. (more…)