Any major purchase requires analysis and thought, and home buying isn’t any different. Specifications on location, bedroom and bathroom quantity, and yard size may come more quickly to mind, but there are many other considerations to be aware of, as well. Did you know that you can compare prices on mortgage rates and lender options? That’s right – not every broker will offer the same programs – and you can save a lot of money through a little comparison shopping.
Buying a Home in the San Diego Housing Market
The last five weeks have brought mortgage rates to historic lows according to Freddie Mac, with many averaging below 4%. That means more buying and bargaining power for you, the home buyer. In fact, according to last Thursday’s Primary Mortgage Market survey by Freddie Mac, the average rate for a 15 year mortgage was 3.16% with fees and points averaging .8 and the average rate for a 30 year mortgage was 3.89% with fees and points of .7.
Keeping those stats in mind, it’s always wise to do your homework and ask your lender (contact David Talbot at Samuel Scott Financial Group if you’re looking for assistance) for a list of current rates and determine if those are lowest for that day or week and if the rate is fixed or adjustable, as that answer will affect your payment significantly. Keep in mind that the APR (annual percentage rate) considers all fees, including points and other charges such as origination, underwriting, or closing costs fees, so it may be advantageous to use in comparisons. In a constantly evolving real estate market, it’s always wise to educate yourself and shop around, listen up, and be ready to make the best deal you can on your home purchase and your lending costs.
Save Money When Buying One of These Homes in San Diego
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Lot Size
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Home Size
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Beds3 Beds
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Baths3 Baths
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Year Built1963
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Days on Market1
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Lot Size5.85 ac
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Home Size1,552 sqft
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Beds2 Beds
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Baths2 Baths
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Year Built1960
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Days on Market1
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Lot Size18,296 sqft
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Home Size1,374 sqft
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Beds3 Beds
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Baths2 Baths
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Year Built1953
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Days on Market2
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Lot Size
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Home Size604 sqft
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Beds1 Bed
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Baths1 Bath
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Year Built1977
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Days on Market2
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Lot Size
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Home Size1,745 sqft
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Beds3 Beds
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Baths3 Baths
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Year Built1985
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Days on Market2
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Lot Size3.30 ac
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Home Size964 sqft
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Beds2 Beds
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Baths2 Baths
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Year Built1989
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Days on Market2
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Lot Size
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Home Size2,673 sqft
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Beds3 Beds
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Baths3 Baths
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Year Built1987
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Days on Market2
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Lot Size
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Home Size2,338 sqft
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Beds4 Beds
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Baths3 Baths
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Year Built2002
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Days on Market2
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Lot Size
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Home Size1,068 sqft
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Beds2 Beds
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Baths2 Baths
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Year Built1994
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Days on Market2
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Lot Size
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Home Size2,784 sqft
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Beds4 Beds
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Baths4 Baths
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Year Built2015
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Days on Market2
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See all Real estate matching your search.
(all data current as of
4/18/2021)
Listing information deemed reliable but not guaranteed. Read full disclaimer.