Durante & Rich Real Estate San Diego

02/03/2019

There’s more room to entertain a large crowd, and you don’t have to worry about complaints to your landlord if you cheer too loudly!

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01/21/2019

Martin Luther King, Jr. Day is celebrated on the 3rd Monday of January each year and marks the birthday of Rev. Dr. Martin Luther King, Jr. This holiday is also recognized as a day of service, and is an opportunity to serve your community. Based on the 2018 C.A.R.E. Report and the 2018 Member Profile we can see how REALTORS® are volunteering in their communities.

Find more information on Martin Luther King, Jr. Day and opportunities to volunteer in your area: nationalservice.gov/mlkday

01/19/2019

Most home buyers wait to talk to a mortgage lender until they’re ready to buy. But that may be way too late! Here's why to do it now.

01/19/2019

01/13/2019

Interest rates for a 30-year fixed rate mortgage climbed consistently throughout 2018 until the middle of November. After that point, rates returned to levels that we saw in August to close out the year at 4.55%, according to Freddie Mac’s Primary Mortgage Market Survey.

After the first week of 2019, rates have continued their downward trend. As Freddie Mac’s Chief Economist Sam Khater notes, this is great news for homebuyers. He states,

“Mortgage rates declined to start the new year with the 30-year fixed-rate mortgage dipping to 4.51 percent. Low mortgage rates combined with decelerating home price growth should get prospective homebuyers excited to buy.”

In some areas of the country, the combination of rising interest rates and rising home prices had made some first-time buyers push pause on their home searches. But with more inventory coming to market, continued price growth, and interest rates slowing, this is a great time to get back in the market!

Will This Trend Continue?
According to the latest forecasts from Fannie Mae, the Mortgage Bankers Association, and the National Association of Realtors, mortgage rates will increase over the course of 2019, but not at the same pace they did in 2018. You can see the forecasts broken down by quarter below.

Bottom Line
Even a small increase (or decrease) in interest rates can impact your monthly housing cost. If buying a home in 2019 is on your short list of goals to achieve, let’s get together to find out if you are able to today.

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01/07/2019

Does overdrafting your bank account affect your credit score?

Overdrafts typically don't affect your credit score. But if you don't repay them, a bank could send them to collections, which would affect your credit report. Unpaid overdrafts could also affect other financial products.