La Jolla Home Equity Mortgage Rates
Low Rate San Diego County Refinance Loans

California lenders offers current interest rates for fixed refinance, second mortgages, lines of credit and jumbo home loans for people residing in the Jewel of the coast - also called La Jolla. The interest rates have plummeted for first time home buyers in La Jolla as home values may be peaking once again. Local residents in La Jolla may decide to cash in on their home's equity, in case home sales plummet.

Most experts agree that area like La Jolla will rebound with equity based on the basic facts that there is limited coastline in southern California, and La Jolla properties have always been considered premium California real estate.

Beautiful Torrey Pines of La Jolla

La Jolla Ranks at the Top for Home Values with Mortgage Rates Declining
By Nick Rian

La Jolla most recently ranked as the most expensive real estate market in the country.
CNN reports an average four bedroom detached home costs $1,875,000. But actual sales prices during first and second quarter 2006 have actually beat the CNN report. Average home Prices for La Jolla jumped into the $2 million bracket after a January start at $1.7 million. June reports the highest spike in price reporting a $2.9 million average home price, even as mortgage interest rates climbed.

The Federal Reserve has raised the prime interest rate almost one point since the beginning of the year, and first time home buyers in La Jolla seemed to retreat in the first quarter, but the second quarter saw a spike as rates fell once again. Mortgage rates took a downward turn in July that helped spur home buying again across the state. Most economists think the lower interest rate will pull some buyers out of the woodwork.

As interest rates dipped, home prices plunged as well. Prices in July and August dropped from $2.9 million to $2.5 million and then to $2 million.

"With conforming interest rates for fully amortized 30-year loans leveling in the 6% range, this may be an excellent buying-time opportunity for owner-occupied buyers," says realtor Edith Ricketts. "Homes that are priced at market, well staged for sale, and assertively marketed are selling readily."

Home sales during the first and second quarter of 2006 hovered near the 25 unit mark, except the months of April and July. April home sales totaled 40 units sold, while July on ranked 17 homes in escrow.

Big Rock is a Famous surf spot in La Jolla

Second Mortgage Tips - Helpful Home Equity & Refinance Loan Advice
With residential mortgage interest rates rising regularly, now may be the best time to refinance your adjustable interest rate home equity line of credit (HELOC) or variable rate mortgage equity loan into a fixed rate 2nd mortgage.

By refinancing your existing home in La Jolla, you could save a lot of money in the long run.


Preferred Loan Type
Property Type
Property Value
Credit Rating

Resource Tools

ARM vs. Fixed Rate Calculator
How does a fixed rate 1st or 2nd mortgage compare to an adjustable rate mortgage or home equity line of credit?

Find the best loan in your state

Call for Free Loan Consultation


Additional Helpful Mortgage Loan Pages:
Adjustable Rate Refinance | Home Equity Refinance | Bad Credit Refinance | State Guide Second Mortgages | State Guide Home Equity Rates | Mortgage Refinancing | FHA Loan Limits in California
Rate Assumptions | Apply Now | Disclosures and Terms | Home Loan | About Us | Contact Us | Testimonials | Privacy
BD Nationwide Mortgage, 515 Encinitas Blvd. Ste 100, Encinitas, California 92024
Please be aware that this is not an advertisement for credit as defined by paragraph 226.24 of regulation Z. Nothing on this site contains an offer to make a specific home loan for any purpose with any specific terms. This is a web-site and no loans can be guaranteed as loans and rates are subject to change. Copyright © 2001-and Beyond, is a website and cannot make loans. All rights reserved.