With North San Diego county feeling the effects of seasonal slowing (i.e less homebuyers buying), many homeowners consider waiting for spring to sell their property.  Here is a generalized argument for selling now:

  • Less competition from those unwilling to sell during the holidays creates an advantage.   Less competition means better chance to sell.

  • Low sales in winter set the "comparative sales" used by appraisers and brokers to gauge value.  Low foreclosure/short-sale sales will make it difficult for today’s highly cautious appraisers, buyers and brokers to approve higher sale values within a 6 month period. In short, get ahead of the curve.

  • Current low interest rates are encouraging to buyers.  Rates can fluctuate and change.  Higher…

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Popular HACIENDAS at RANCHO CARRILLO! Traditional sale! Striking Spanish Colonial architecture with highly upgraded interior. The gourmet kitchen: nook area, food preparation island with breakfast bar, gorgeous granite slab countertops, stainless steel appliances, built-in refrigerator. Bedroom and bath on first floor. Plantation shutters, hardwood floors, beautiful wrought iron stair railing. Private backyard with built-in BBQ and fire pit. PRICED UNDER $200/SF!


5 Bedroom + Bonus, 5.5 Bath and Approx. 4,345 sq. ft.


Complete video tour: http://www.youtube.com/lundteam#p/u/1/KZAk5ZL8ZZQ

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The Los Angeles Times

Mortgage rates hold steady, Freddie Mac survey says
The interest rate on a 30-year fixed mortgage held steady this week at a 60-year low while the 15-year fixed loan edged down to a new record low, mortgage finance company Freddie Mac said in its weekly rate snapshot.


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HousingWire

Five more years of housing problems, with some stability in local markets
The housing market remains shaky and is unlikely to deliver significant growth in prices over the next five years, according to a new survey of economists, real estate professionals and analysts.

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The Los Angeles Times

Sales of previously owned homes jump in August
The number of homes sold increased 7.7 percent in August compared with July and…

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http://www.youtube.com/watch?v=5bUbAclMs9U

5 Bedroom, 3 Bath and Approx. 2,888 sq. ft.

Popular Sandpiper at Aviara! Largest plan "The Club House" with 5BR/3BA. Lower-level bedroom currently used as home office. A large family area includes a gourmet kitchen with center work island and nook which is open to a spacious family room with fireplace. Formal living and dining rooms, dramatic volume/vaulted ceilings, full bathroom downstairs Private backyard with waterfall, elevated view deck, lush landscaping, patio area, and fire pit.

Call 760.438.0800 for additional information

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WHAT YOU NEED TO KNOW ABOUT UPCOMING CHANGES TO FHA LOANS

As you may know, unless Congress extends the expiration deadline, Federal Housing Administration (FHA) loan limits set in 2008 will drop significantly beginning October 1. Congress raised the loan limit amount in response to the housing crisis to help spur the homebuying market. FHA loans offer borrowers very competitive rates and terms, and they only require a 3.5% down payment. Allowable debt ratios are higher than the typical debt-ratio limits imposed for conventional loans, and there are no income limit qualifications, so more people can qualify for them.

If the loan limit drops on October 1, many California homebuyers will face higher down payments, higher mortgage rates and…

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Approximately:


30 Year fixed Purchase Loans

4.125 % (APR 4.128%) Conforming: (loan amounts under $417,000) $242.32 per $50K (Calculate at $50,000 increments to figure P&I pymts)

4.5% (APR 4.51%)Jumbo (loan amounts up to $546,250)

4.625% (APR 4.72%) JUMBO, AND… 5/1 is only 3.375% (APR 3.38) & 7/1 3.625% (3.69 APR) at 2,000,000


FHA/VA

4.125% (APR 4.127%)


15 Year fixed

3.125% Conforming (APR 3.171%) $348.30 per $50K


NON-OWNER OCCUPIED

1 Unit 4.75% (APR 4.79%)

3-4 Unit 5.0% (APR 5.11%)

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Average 30 year fixed mortgage rates have fallen to historic lows; 4.41%.  Many Lund Team clients have reported securing fixed rate loans even lower lower (4.1%-4.25%) depending on their individual situation. 

There is much discussion about the future of low mortggae rates.  Many economists argue that we should expect an extended period of low mortgage rates as the economy contracts during a recession.  

Our local mortgage contacts report heavy volumn in #'s of property refinances. 

The 15-year fixed-rate rose 5 basis points to 3.63 percent. The average rate for 30-year jumbo mortgages, or generally for those of more than $417,000, was 4.94 percent, up 5 basis points from last week.

The 5/1 ARM fell 3 basis points to 3.12 percent. With a…

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Wonderful Single Level Residence. Turnkey Interior. Quiet Cul-De-Sac Location. Property Backs to Open Space. Nearby Hicking Trails. Spacious Back Yard. Numerous Enhancements... Flooring, Fresh Paint, Windows. Fireplace in Living Area. Interior Laundry. Finished Garage. Hilltop Views.

Video Tour: http://www.youtube.com/watch?v=HeFSW28r0gU

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