23 Sep feds stop raising rates and with oil prices falling
The fact that the feds stop raising rates and with oil prices falling will cause long term interest rates to follow. The long term mortgage rates fell from average 6.5% to an average 5.875% 30 year fixed within the last 4 weeks. This will effect buyers affordability to increase which in turn will increase the buyers activity. 2 weeks ago there was 25,000 homes and condo’s listings available for sale in the San Diego County market. Current count dropped to 22,500. There are great deals you can get now, start to look now before the market changes.