Jeff’s Carlsbad Blog for First Time Home Buyers

Watch Those Mortgage Rates

Posted in Financial,Mortgage info by Jeff Dowler on December 29, 2008
Tags: , , ,

As you may be aware, the mortgage rates have been dipping significantly in recent weeks, to a level not seen in decades – below 5% for a 30-year fixed. This can represent a substantial opportunity for buyers who are ready but sitting on the fence.

Here’s a chart showing the trend for 2008.

2008 Fixed Rate Mortgage Trend

2008 Fixed Rate Mortgage Trend

But watch those mortgage rates. They are not expected to stay this low and in fact have bumped up a little in the last week or so. You may want to check with a mortgage broker to learn more. Even if the prices drop some more, a decent bump up in rates will negate any price drop.

If you need a recommendation for a mortgage broker, please let me know – I have several terrific contacts that can help you pretty much anywhere.


If I can provide more information about Carlsbad and surrounding areas, or the housing market in general, or otherwise assist you in your home search, please contact me by phone or text at (760) 840-1360 or email me at

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All content copyright © 2008 Jeff Dowler


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