|
|
| Nov. '05 |
|
|
 |
|
Welcome to the November edition of the San Diego Market Focus Newsletter! This month's newsletter features information on a variety of subject matter. Recently, the 2004-2005 Academic Performance Index (API) Growth Report was posted. We have included a great piece that shows the API Base and Growth scores for San Diego County schools. With our current market conditions showing signs of slowing, our sales team has been getting questions about the foreclosure process so there's an informative piece for you on how the process works. There's also a great article on the importance of locking your interest rate on a loan when you are buying or refinancing a property. Finally, with the holiday's fast approaching we have included a list of holiday celebrations in San Diego. Enjoy! |
|
|
|
 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Get a Grip, Lock that Rate
Rate locks are key to keeping the lid on lending costs when interest rates begin to take off -- as they have for the past month and a half.
Since Sept. 8, when the average fixed interest rate on 30-year conforming mortgages was 5.71 percent, rates have risen for six consecutive weeks, adding 0.39 percentage points to the average.
That pushed the average mortgage interest rate to 6.10 percent on October 20, according to Freddie Mac's Weekly Primary Mortgage Market Survey.
|
|
 |
|
