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Oceanside and Escondido Mortgage Rate Update
San Diego lenders offer discounted mortgage rates to Oceanside and Escondido homeowners seeking VA, FHA and conforming refinance loans. We are a nationwide mortgage banker provides current interest rates for government lending with home equity lines of credit, home equity refinancing, and jumbo home mortgages loans for all North County residents.
New San Diego Loan Limits for FHA, Fannie Mae and Freddie Mac home loans.
MSA Name |
County Name |
State |
One-Family |
Two-Family |
Three-Family |
Four-Family |
San Diego , Carlsbad-San Marcos, Oceanside |
San Diego |
CA |
$697,500 |
$892,950 |
$1,079,350 |
$1,341,350 |
VA home loans have become the most popular loans in Oceanside because of the high percentage of Veteran homeowners residing in this military town. In Escondido, the FHA mortgages are quickly becoming the most popular refinance loans. VA mortgage loans enable San Diego homeowners to take new home loans out up to 100%.
 Oceanside housing sales hardly moved during the first quarter of 2006, as interest rates climbed. But second quarter figures boosted into the triple digits as interest rates rose even higher.
Sales totals hovered in the upper 70's range for three months in a row, while mortgage rates took off. Statistics from the California Association of Realtors show home sales steady at 78 per month from January until March. April sales spiked at 112 and climbed to 144 homes sold during June.
Sticker shock from the high interest rate possibly to blame for a plunge in home sales during July.
Even though the interest rate started to drop, home sales fell to 94 units in July, possibly before interest rate sticker shock wore off.
"Property inventory is up, and Oceanside sellers are negotiating again for the first time in years," says realtor Al Janis. "Many property owners missed selling during the big wave of rising prices, which was fueled by short supply, and multiple-offer competition. When they finally jumped on the bandwagon, a bit late, their inflated asking prices had few takers. To many observers, price reductions off these inflated list prices looked to be a drop in the market, when actually; it was just a return to a more normal market. Still, those buyers who were priced out of the 'hot' market continue to wait for prices to drop further. And with interest rates still in the 6's, there hasn't been much urgency to buy now."
Oceanside home prices rising and falling every other month.
January's median sales price showed at $461,064, then dropped more than $50,000 in February and climbed back up into the $460's. April showed the lowest median sales price of the quarter at $335,375.
While third quarter sales dropped 50 points, median prices actually stabilized in the $410's range.
Option ARM Home Loan Advice for Purchase and Refinance |
- Interest Only Option
- Negative Amortization Option
- Option ARM MTA
- Option ARM COFI
- Option ARM CODI
- Debt & Loan Consolidation to 110% LTV
- Jumbo Loan amounts to $4,500,000
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Pick a Payment Loans offer increased purchase power with the lowest possible payment. With interest rates that start at 1.25%, it is a good idea to discuss the option arm guidelines with your Nationwide loan officer to see if it is a good fit for your financial plan. |
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ARM vs. Fixed Rate Calculator
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