San Diego Real Estate and Lifestyle

Mortgage rates hit a record low last week on increasing worries of a second recession.  The average conforming 30-year fixed mortgage rate dropped to 4.75%.

The last time mortgage rates were above 6% was in November 2008. At that time, the average rate was 6.33%, which meant a $200,000 loan would have carried a monthly payment of [...]

Tuesday, the California Association of Realtors (C.A.R.) said it is extending its Mortgage Protection Program (MPP) for first-time homebuyers through December 31, 2010. Another great reason to buy now is the $8,000 first time buyer incentive from the Feds.

Interest rates are still very low, so nothing should hold you back.  FHA, and VA offer very low [...]