Houses for Sale in San Diego – Although San Diego real estate values appear to have stabilized, and have even increased in various regions throughout San Diego County, mortgage rates have continued to decline. In fact, rates for home loans have reached record lows for the eighth time in a nine week period. According to mortgage giant Freddie Mac, the average rate for a 30 year fixed home loan this week was 4.42 percent. Freddie Mac began tracking mortgage rates in 1971. Real estate analysts have speculated if our economy weakens further, we could possibly see interest rates for home loans dip under 4 percent.
With record low interest rates and relatively low prices for San Diego homes, now is an excellent time to invest in San Diego real estate. Conditions are ideal for buyers who want to purchase houses for sale in San Diego. You have a unique opportunity to take advantage of buying low, while San Diego home prices are still near the bottom of the real estate market. Interest rates for home loans are also at record lows, and you can lock in a phenomenal fixed rate, sit back, and wait for your San Diego real estate to appreciate.
Buying a home in San Diego can be an extremely effective long term investment strategy. If you are interested in purchasing San Diego real estate, begin your search of houses for sale in San Diego today, or contact San Diego Broker and Realtor Russ Petrone of Petrone Properties at 858-259-1000 to have a customized search of the homes for sale in San Diego created specifically for you based upon the criteria your require for your San Diego home. With 25 years of experience in the San Diego real estate market, Russ can help you find a superb deal on a San Diego home.