Helpful Interest Rate Projections for La Jolla Buyers
Posted by Dennis DeSouza on
In recent weeks, a number of La Jolla homeowners welcomed new residents to their neighborhoods. La Jolla Light recently published a list of home sales in La Jolla since September 1, 2015. The article listed 47 homes purchased in La Jolla over last month with an average sales price of $2,080,947.
If the buyers who purchased La Jolla real estate last month opted to use financing, they were able to take advantage of low interest rates courtesy of the Federal Reserve’s decision to not raise the federal funds rates in September. Whether the federal funds rate will remain at or near zero throughout the end of the year remains to be seen, but there are some indications that it may be increased.
Will these homes be some of the last purchased with the…
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