two misconceptions that prevent you from buying or selling in San Diego
George Lorimer
Tuesday, September 3, 2024
The two misconceptions that keep people from buying a San Diego home are:
1. You can time the mortgage rates; the fed rate will directly affect your mortgage rate. In the last month, mortgage rates have dropped 1%. Much of the lowering of rates has been on the assumption that the Fed will lower the rent in September. It is "baked into" the current mortgage rates.
2. If you sell a San Diego home, you won't see equity growth. The truth is, you can reinvest your money in another property or investment that grows as well. This new property or investment might outperform your current property.
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