Comments on: SPRING IS IN THE AIR? http://sandiegohomeblog.com/2006/04/11/spring-is-in-the-air/ A San Diego Real Estate Web Log Thu, 11 Mar 2010 17:03:09 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: Steve Berg http://sandiegohomeblog.com/2006/04/11/spring-is-in-the-air/comment-page-1/#comment-4 Steve Berg Mon, 17 Apr 2006 13:19:26 +0000 http://sandiegohomeblog.com/?p=12#comment-4 Good morning Kris: Yes, spring is in the air as evidenced by the number of new listings in the MLS. It is traditionally the most popular time of year to buy and sell homes. This Spring we face a different challenge from the past several years...higher interest rates. We are steadily heading towards 7% for Jumbo loans (above $417,000) which, for San Diego is most home loans. The potential good news? According to MSNBC Business News (Apr. 14, 2006) sveral Federal Reserve Board Governors have hinted that we may be getting closer to the point of no more FED rate hikes. The 10-year Treasury note slipped past 5% for the first time since 2002 last week, so the FED news could not have come at a better time, if true. We'll see. Steve Good morning Kris:

Yes, spring is in the air as evidenced by the number of new listings in the MLS. It is traditionally the most popular time of year to buy and sell homes. This Spring we face a different challenge from the past several years…higher interest rates. We are steadily heading towards 7% for Jumbo loans (above $417,000) which, for San Diego is most home loans. The potential good news? According to MSNBC Business News (Apr. 14, 2006) sveral Federal Reserve Board Governors have hinted that we may be getting closer to the point of no more FED rate hikes. The 10-year Treasury note slipped past 5% for the first time since 2002 last week, so the FED news could not have come at a better time, if true. We’ll see.

Steve

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