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January Mortgage Rate Update



Last month, I wrote about the decline in mortgage rates during the latter half of 2006, noting that real estate might have fared worse if not for the tailwind provided by falling rates.

As it happens, rates began to rise soon after that posting and they haven't stopped since. The last thing the housing market needs right now is an extended rise in mortgage rates. Of course, whether they continue to increase remains to be seen.

In keeping with the 2006 vs. 2007 comparison theme, I will note that rates are slightly higher now than they were a year ago. They are, however, still noticably down from their mid-2006 peaks.



A Nerd's Eye View

Rich Toscano is a financial advisor with Pacific Capital Associates*;
he also writes about San Diego real estate at Piggington's Econo-Almanac.
Contact him at rtoscano@pcasd.com.

Bay-Front Meeting Postponed:

 

The port said discussion over the environmental study will take place another time.

Wednesday, January 24 -- 2:31 pm

Not For Sale:

 

The city removes the Linda Vista Village Mobile Home Park from its list of for-sale properties.

Wednesday, January 24 -- 10:58 am

CV Hires Charger Help:

 

The consultant will analyze possible stadium sites in Chula Vista on the Chargers' dime.

Wednesday, January 24 -- 7:46 am


Sponsored By

MOST POPULAR STORIES:

SURVIVAL IN SAN DIEGO

Foreclosure Rates Soar :

 

Number of mortgage default notices sent to Californians last quarter reached highest level in eight years.

Wednesday, January 24 -- 11:32 am

LETTERS TO THE EDITOR

Abysmal Science Funding Climate:

 

Wednesday, January 24 -- 4:33 pm

CAFÉ SAN DIEGO

Money for Nothing :

 

Despite the dismal record of sand replenishment, Imperial Beach will push forward with a $14 million plan that one storm could ruin.

Wednesday, January 24 -- 12:33 pm

COMMENTARY: SLOP

F Blank Blank Blank :

 

A revised transcript.

Wednesday, January 24 -- 10:20 am

COMMENTARY: RICH TOSCANO

Angst in the New Era :

 

A few credit market insiders worry that reality will someday re-assert itself with a vengeance.

Wednesday, January 24 -- 11:43 am

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This Just In

'The Powers to Be':

 A little recognition. » Nov. 21 -- 4:03 pm



Libraries Could Be Spared:

 It doesn't look like the mayor has the City Council votes to shut down libraries and rec centers.

Nov. 21 -- 2:02 pm


Opening Day Melee:

 The first day a store opens, shoplifters have a field day.

Nov. 21 -- 11:43 am


SURVIVAL IN SAN DIEGO

Unemployment Rate Reaches 6.8 Percent:

 Retail and construction sectors lose a combined 10,000 jobs over the year in San Diego County.

Nov. 21 -- 5:43 pm



LETTERS TO THE EDITOR

Where's the Beef?:

 Time to pony up.

Nov. 20 -- 7:20 pm



CAFÉ SAN DIEGO

Holslin Back:

 Follow up to your responses and questions.

Nov. 20 -- 7:07 pm



COMMENTARY: SLOP

Did Obama Deliver District 1?:

 It's not looking like he did.

Nov. 21 -- 4:50 pm



COMMENTARY: RICH TOSCANO

Cheap Homes Selling Fast, Expensive Homes Not:

 Home sales have exploded in low-priced areas of San Diego even as they decline in pricier neighborhoods.

Nov. 20 -- 11:13 pm


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