San Diego Mortgage Update for Sept 24th

Rates have risen back up a bit since last week’s boost of confidence from the Fannie/Freddie bail out. Is it the funds made available to AIG or the new 700 Billion consideration being made this week that has rates on the up? Who knows if this will get better or worse.  Since all the action is on the 30yr fixed at the moment, here is your cost…

30 Year Fixed, Fully Amortized
1 point: 5.875%
2 points: 5.500%

Click HERE for a simple search tool that shows only FORECLOSURE PROPERTIES in San Diego.

Broker ID# 01807122. Mortgage rates are specific to each
individual’s financial scenario. These estimates are based on scenario
with a conforming loan amount, FICO of 780, 20% down, full
documentation, reserves, owner occupied, 30 day lock. To complete a request for your individual estimate click HERE.

Great San Diego Real Estate Mortgage Rates

Have you found any properties that appeal to you on our San Diego MLS search? If so you may want to consider pricing out your favorites. Rates were phenomenal yesterday.

If you plan to hold your property indefinitely you’d do well with the 30year Fixed Fully Amortized loan.

Friday that loan was priced at:

6.00% with no points

5.75% for 1 point

5.50%. for 2 points.

These are seriously fabulous rates. Combine that with a great deal on a San Diego foreclosure property and you’ve got one smart investment.

Plan on making a shorter term investment while property values are low and selling in 5 years?

The 5 year ARM could work well for your scenario:

5.500% with zero points

5.125% for 1 point

4.750% for 2 points.

This is a simple courtesy update on today’s rates based on a scenario with 20% down, 720 or better FICO, full doc, owner occupied (DRE LIC#01807122). Same rates are available with less money down but you will have to pay mortgage insurance OR take a slightly higher rate to have the lender cover the mortgage insurance.

Rates are very attractive. Contact Joy with Fitzpatrik Capital directly for a personalized quote for your scenario at joy@westofthefive.com or by calling 619-508-2665.