An elegant white clock featuring 'DANIELLE LAZIER REAL ESTATE LOGO' on a sleek black background.Vivre Real Estate logo

As if you needed another reason to get off your tush and buy a home in San Francisco... here's a brief history of the 30 year fixed rate mortgage or home loan.

Average and approximate interest rates on the 30-year fixed rate home loan*:

Will interest rates be lower or higher next October? Check back next year and find out, but here's a sure bet: interest rates are amazing NOW and prices are down for San Francisco real estate (a rarity). We've suffered through a deep, dark, and lingering recession. It's time to make lemonade.

Who should make a move now? San Francisco first time buyers and so-called "move up" or "trade-up" buyers. Move-up buyers are folks who have grown out of (or just sick of) their starter home, loft, condo, or TIC. We won't see prices like this again. (OK, the End of Days is hard to predict but I'm pretty certain.)

Now is the time to suck it up and sell your current home at the reduced market value and buy the home you really want at a serious discount. Looking back in 5 years, as you relax on your sunny deck in Noe Valley, in a home with enough room for you and your family, increasing your equity every year by paying 3.875% interest on a 30 year fixed rate fully amortized home loan, you'll be VERY happy you took the leap of faith and sold your starter home.

(Even my own accountant is encouraging me to do this! 😉 )

Check out an example of why it makes sense to trade up in a down real estate market.

* Thanks again to the fabulously competent, professional and friendly Guarantee Mortgage Zephyr Real Estate team of San Francisco home loan consultants and in particular, Pete Elting for providing this valuable information for first time and move up home buyers in the San Francisco Bay Area!

Yelp logo
296 reviews
View All
Zillow logo
176 reviews
View All
Danielle Elazier Realtor on Google My Business- image of Google my business logo
117 reviews
View All

Danielle lazier real estate team

We care deeply about our clients and our commitment to exemplary results. Working with us should be a good fit for you. If you feel our team is the right fit for you and you’d like to talk with Danielle to make sure, contact us today for your complimentary initial consultation.
Contact Me

Do You Need Another Real Estate Newsletter?

Probably not. Yet, in our biased opinion, you should definitely sign up for our twice-monthly email for market insights, webinar invites, local news, gorgeous homes, and more. We never share or sell your information. And, when you’re ready to work with us, please email or call to discuss your plans. We’d love to help!

Danielle Elazier botanical illustration - 3 different California poppy flower branches. Black and white with line art
View Full Street Address SAN FRANCISCO, CA 94114 (415) 528-7355 ©2010 VIVRE REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES, OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS, AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT, OR ZONING EXPERT. IF YOUR PROPERTY IS CURRENTLY LISTED WITH ANOTHER REAL ESTATE BROKER, PLEASE DISREGARD THIS OFFER. IT IS NOT OUR INTENTION TO SOLICIT THE OFFERINGS OF OTHER REAL ESTATE BROKERS. WE COOPERATE WITH THEM FULLY. EQUAL HOUSING OPPORTUNITY. ALL INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED AND SHOULD BE INDEPENDENTLY REVIEWED AND VERIFIED.
cross