Lending San Diego was created to educate both current and future San Diego homeowners on mortgage news that matters to them most. The site will discuss the ever-changing mortgage world and focus specifically on San Diego.
Latest San Diego Mortgage News

First-Time Homebuyers Hits Lowest Point in 30 Years

The U.S. economy is improving, employment is growing and home prices are recovering, but first-time homebuyers are not returning to their normal, historical levels of homeownership. The percentage of these buyers fell to the lowest level in nearly three decades: 33% this year, down from 38% a year ago. The long-term average, dating back to […]

Mortgage Rates Rise = Drop in Applications

Mortgage interest rates bumped back over 4% last week, causing a drop in mortgage applications to refinance and purchase homes. Application volume fell 6.6% from the previous week, on a seasonally adjusted basis, according to the Mortgage Bankers Association (MBA). Refinance applications were off 7% week-to-week, after soaring in previous weeks, thanks to lower interest rates. […]

San Diego Ranks 4th Highest Expensive City for Housing

highest+spending+on+houses+labor+statistics

San Diego ranks as the fourth most expensive city for housing in the U.S. – which probably doesn’t come as a surprise to most of us that live here! The Bureau of Labor Statistics recently released a report that examines housing costs before, during and after the Great Recession. Adding up expenditures like furnishings, utilities, […]

Former Chair of the Federal Reserve Unable to Refi Mortgage

If you’ve applied for a loan in the past few years, you’ve seen how strict the standards are now for qualification. Well, the good news is that you’re not alone. Ben Bernanke, former chair of the Federal Reserve, tried to refinance his mortgage recently. He was rejected. Bernanke reportedly told Mark Zandi of Moody’s Analytics at a […]

HELOC Resets Loom With Few Options

A wave of HELOC resets are looming on the horizon and the Treasury department has few options to help homeowners who might be left struggling to pay their bills. The programs already in place have had little success and the Treasurer’s authority to create/fund new homeowner assistance programs (under the Troubled Asset Relief Program) expired […]

Related Posts Plugin for WordPress, Blogger...