Adjustable-rate mortgages (ARMs) offer lower rates which can be fixed for terms like five, seven or 10 years. Trends show that homebuyers are showing more demand for ARMs to give them an advantage as both rates and home prices continue to climb. At the start of this year, when rates were still hovering near record lows, the ARM share was just 3% of all purchase applications. At 11%, that is the highest share since March 2008. Read more about the recent trend in financing a home when you click here.
Recent Demand for Adjustable-Rate Mortgages Surges to a 14-Year High
Brought to you by the Greater San Diego Association of Realtors. COVID-19 may be causing many things to change, our ability to assist you won't.
We committed to supporting you through this situation and strive to provide the services necessary for your business.
Hours and Staffing
Our work hours remain the same, however, our team is following the direction and safety recommendations of our Governor and the Center for Disease Control. Like so many of you, we are now working remotely. For us, it’s business as usual with a little extra caution. We are fully equipped and plan to continue to support our members with no disruption in service during this time.
For the safety of our members, employees and community we offer webinars and plan to expand our online classes. Click Here for a comprehensive list of education and training options.
The 7 SDAR service centers, SDMLS, and our retail store will remain open.
Necessary meetings, such as nominations, elections and board meetings will be accommodated with your safety as our primary concern. Feel free to contact us for more information on this procedure.
Committee Meetings and Events
All committee meetings and events are suspended, as a health and safety precaution. We will provide advance communication when we plan to resume in-person gatherings.
For public health, caravans are canceled until further notice. Booklets will be emailed to the caravan liaison to provide some continuity throughout this situation.