Great news for homeowners and those looking to buy!

Dated: May 11 2024

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More great news on home appreciation! Single-family home prices rose by 5.3% year over year in March, marking the fifth consecutive month that price gains remained above 5% and the 146th straight month of annual growth.

That’s according to the CoreLogic Home Price Index (HPI), which is projecting that price gains are set to stay over 5% for most of the next year. On a month over month basis, prices were up by 1.2%. This is nationally, imagine the price appreciation and forecast for San Diego 😬

Markets rates improved this week: 

Here are rates at no points for the following scenarios assuming a 780+ credit score, $1 Million purchase price, single family detached home-


▪️ FHA 30 year fixed (3.5% down) 6.5%

▪️ VA 30 year fixed (0% down) 6.375%

▪️ Conventional 30 year fixed (min 5% down) 6.99%

▪️ 0% down payment assistance options 6.5% 30 year fixed

▪️ Jumbo 20% down 6.5% 30 year fixed (2/1 buydown available with this product)

▪️Home equity loans 10%-12%

▪️ Renovation loans (very popular product right now with low inventory) available for VA, FHA, and Conventional 30 year fixed loans between 7%-8%

▪️USDA 30 year fixed 6.75%

**Information provided by Michael B Stowers,Top 1% Originator in US

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Trish and Mindi Realtors

Trish and Mindi have been providing San Diego home-buyers and sellers with professional, responsive and attentive real estate services for over 20 years. With a vast knowledge of real estate, the ever....

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