09/23/2026
The Fed just raised rates for the first time since July 2023, and the 30 year mortgage hit a one year high above 7%.
Here’s what that means if you own a home in San Diego. 👇
Since February’s low, the same $900K loan now costs buyers almost $700 more per month. Some buyers just dropped out. The ones still shopping are serious, and they’re picky.
The good news for sellers? San Diego detached home inventory is down over 20% from last year. Fewer homes means less competition for yours.
The catch: buyers won’t chase an overpriced listing this fall. Price it right from day one, or risk sitting while the market shifts.
We’re Brandon and Lindsey, The Gates Team with Compass. We’ve helped San Diego families sell through every kind of market, and we’ll give you a straight answer on what your home would sell for today.
💬 Comment “RATES” and we’ll send you a free home value report.
🌐 thegatesteam.com
📞 858.882.7611
Brandon Gates, DRE 01970858 · Lindsey Gates, DRE 01979939 · The Gates Team at Compass