Wow…. Rates are just WOW low right now. 30-year rates on real estate mortgages inched down to 4.81% this week, the lowest they’ve been in over 4 months (May saw 4.81% and March 4.61%). A year ago buyers were choking at rates in the mid-6% range…. And frankly, when my parents bought their home they gladly signed with an interest rate around 11%! The rate decrease is great news for my well qualified buyers that are actively looking to make a San Diego Condo or Home purchase. And the possibility of an extended federal tax credit for first time home buyers (current tax credit ends December 1), the market continues to look attractive. With the current reduced inventory, make a move on that home when you find it.  First-time home buyers, if you open escrow in the next week or two you could close before the end of November, ensuring your eligibility for that tax credit.