It’ll be down 50% – 75% by 2012. Just rent there for 3k-5k per month over the next 4 years and you’ll be golden. Carlsbad oceanfront will be 200K by then.

It’ll be down 50% – 75% by 2012. Just rent there for 3k-5k per month over the next 4 years and you’ll be golden. Carlsbad oceanfront will be 200K by then.

I will try to give you a more rational post then the previous one.

You are seeing what many of us have been talking about. Don’t get to stressed… Alot of factors have pushed the activity in certain areas this spring. The interest rate movement has correlated to the sell off on the 10 year treasury, (finally) and lets see how things look come later in the summer. Try to remember in secular markets there are cyclical rallies… it will take time.

SD Realtor

I will try to give you a more rational post then the previous one.

You are seeing what many of us have been talking about. Don’t get to stressed… Alot of factors have pushed the activity in certain areas this spring. The interest rate movement has correlated to the sell off on the 10 year treasury, (finally) and lets see how things look come later in the summer. Try to remember in secular markets there are cyclical rallies… it will take time.

SD Realtor

I will try to give you a more rational post then the previous one.

You are seeing what many of us have been talking about. Don’t get to stressed… Alot of factors have pushed the activity in certain areas this spring. The interest rate movement has correlated to the sell off on the 10 year treasury, (finally) and lets see how things look come later in the summer. Try to remember in secular markets there are cyclical rallies… it will take time.

SD Realtor

Rates on 30-year mortgages top 6% this week

WASHINGTON — Rates on 30-year mortgages topped 6% on average for the first time in six weeks as financial markets grew more worried about rising inflation.

Freddie Mac, the mortgage company, reported Thursday that 30-year fixed-rate mortgages averaged 6.03% this week after three straight weeks at 5.88%. Rates on 30-year mortgages were last above 6% the week of March 16, when they averaged 6.13%.

Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing, rose this week to 5.62%, up from 5.40% last week.

Five-year adjustable-rate mortgages rose to 5.68% from 5.48% last week. One-year adjustable-rate mortgages rose to 5.28% from 5.10% last week.

The mortgage rates do not include add-on fees known as points. For 30-year and 15-year mortgages, the nationwide average fee was 0.3 point while the average fee was 0.5 point for 5-year and one-year mortgages.

Bill Hampel, chief economist for the Credit Union National Association, says while interest rates rose this week they still remain at historically favorable levels. He said the bigger problem for the housing industry is that many lenders have tightened credit standards in reaction to rising mortgage defaults, making it harder for prospective buyers to qualify for loans.

Rates on 30-year mortgages top 6% this week

WASHINGTON — Rates on 30-year mortgages topped 6% on average for the first time in six weeks as financial markets grew more worried about rising inflation.

Freddie Mac, the mortgage company, reported Thursday that 30-year fixed-rate mortgages averaged 6.03% this week after three straight weeks at 5.88%. Rates on 30-year mortgages were last above 6% the week of March 16, when they averaged 6.13%.

Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing, rose this week to 5.62%, up from 5.40% last week.

Five-year adjustable-rate mortgages rose to 5.68% from 5.48% last week. One-year adjustable-rate mortgages rose to 5.28% from 5.10% last week.

The mortgage rates do not include add-on fees known as points. For 30-year and 15-year mortgages, the nationwide average fee was 0.3 point while the average fee was 0.5 point for 5-year and one-year mortgages.

Bill Hampel, chief economist for the Credit Union National Association, says while interest rates rose this week they still remain at historically favorable levels. He said the bigger problem for the housing industry is that many lenders have tightened credit standards in reaction to rising mortgage defaults, making it harder for prospective buyers to qualify for loans.