Coastalhomefinder.com

If you are looking for savvy ways to search and find the right coastal home, consider this link.  These are coastal pre-foreclosure and foreclosure deals that are through out North San Diego County coastal communities. We are happy to set up a detailed search of homes, that can include many filters, so the homes sent to you are most likely to fit your criteria. We can update you the minute a home is listed or once a week, twice a week...you decide. Here are homes from $350,000 to $750,000.

Interest rates are very low but many industry experts believe they know what will happen when the Federal Reserve slows, and eventually stop's, it's trillion dollar spending spree buying up mortgage backed securities. Mortgage rates are very likely to rise, some say as much as 1%.

Right now there are very good 5/1 adjustable rate mortgages in the 4% range with conforming 30 year fixed rates hovering around 5%.

It only makes sense that rates will be going up when the Federal Reserve completes it's massive purchases of mortgage backed securities. At this point there is debate at the Fed about what exactly to do. Recently the Wall Street Journal ran a story about the debate at the Fed. It seem that they will continue the purchases until March of next year. My guess is that rates will begin to rise in anticipation of the inevitable end to the program.

Foreclosure rates have bumped up in the higher price ranges lately, which should make for some bargains over the next year in higher dollar homes. Many of the prime coastal communities that held up pretty well are now feeling the pain. At the same time the upper tiers of the market are sinking the lower level homes are finding strength and a reduced level of foreclosures.

North San Diego County Real Estate Sales

September 2009 median single-family detached homes in North San Diego County

increased 6.28%, from $430,000 in September 2008 to $457.000. The median price OUTSIDE North County for single-family homes fell 0.01 percent from the $350,000 a year ago.

The average days on the market for September 2009 was 67 days, down from 72 the prior month.

There were 3,669 (active and contingent) SFD listings in North San Diego County

ending September 2009, and 7,173 (active and contingent) listings in San Diego

ending September 2009.

The number of North San Diego County SFD units sold increased 6.65 percent to

770 in September 2009 from 722 in August 2009, and increased 0.79 percent

year-over from September 2008.