Great Pacific Funding

10/07/2025

According to the CME FedWatch tool, the odds of a Federal Reserve rate cut in October have now hit 99%—driven by mounting job losses and the government shutdown.
Get pre-approved now, demand is already rising! Contact us at www.sdfunding.com

04/19/2024

According to data released by CoreLogic, home prices nationwide saw an increase of 5.5% year-over-year and 7% in February 2024. While the nationwide average remains high, Southern California saw even more significant increases.

First-time homebuyers made up 32% of last year's buyers, with a large part of these buyers being millennials. They know this is their chance to get into the market and are willing to take the risk of a higher interest rate to ensure they are not left sitting on the sidelines as home prices continue to rise.

For those buyers and sellers who have been waiting, now is the time to jump. If they continue waiting for interest rates to come down, they will have lost the potential appreciation in their home and may be priced out of the market.

Contact us with any questions or to get pre-approved.
www.sdfunding.com
NMLS #323907, DRE #00844652

03/22/2024

The simple answer: If you find a home you like today - do not delay.

While lower interest rates may be on the horizon, there are reasons why you should not wait to purchase. When mortgage rates drop, more buyers return to the market, increasing competition. Housing appreciation continues to rise year after year. The equity you could earn by purchasing now is far more substantial than waiting out the market.

The key in this market is understanding what you can and are comfortable paying for a monthly mortgage and securing a solid pre-approval to offer strong.

Find out more at www.greatpacificfunding.com

02/29/2024

While lower interest rates may be on the horizon, there are reasons why you should not wait to purchase.

The Federal Housing Finance Agency reported the house price index, or appreciation in housing, for the year 2023 was up 6.5% over the previous year.

High appreciation equals increased equity, which exceeds the difference in the interest rates we have today vs. what may come in the future.

While lower interest rates may be on the horizon, there are reasons why you should not wait to purchase.

02/10/2024

2024 is already shaping up to be the Year of the Buyer. Mortgage rates, which remained high through 2023, have steadily declined over the last few months, with economists predicting further decreases in the coming months. We can walk you through the entire mortgage process, find out what you can afford and how purchasing now, knowing it may not be your forever home, is a secure investment in a successful future.

2024 is already shaping up to be the Year of the Buyer. Mortgage rates, which remained high through 2023, have steadily declined over the last couple of months, with economists predicting further decreases in the coming months.

01/30/2024

According to the National Association of Realtors (NAR), pending home sales increased by 8.3% in December 2023 from the previous month, up 1.3% annually. NAR forecasts a 13% increase for 2024 and another 15.8% increase in 2025.

All of this means a COMPETITIVE market ahead. Contact us to find out how you can purchase now and refinance in two years when interest rates are lower and you have the added appreciation.

01/19/2024

Yesterday, FNMA announced that the 30-year fixed rate hit its lowest level since May 2023, falling to an average of 6.6% as of January 18. Rates are expected to keep falling. Fannie Mae’s Economic and Strategic Research Group expects mortgage rates to decline in 2024, ending the year below 6%.

What does this mean for buyers and sellers?

Yesterday, FNMA announced that the 30-year fixed rate hit its lowest level since May 2023, falling to an average of 6.6% as of January 18.

01/18/2024

Did you know that you only need 5% down to purchase a 2-4 unit owner-occupied property?
Contact us to learn more about this owner-occupied opportunity for buyers who want to invest in themselves but need a little help making the monthly payment.
www.greatpacificfunding.com | NMLS #323907 | DRE #00844652

01/17/2024

As market affordability grows, so does buyer competition. Get pre-approved today to see just how much you can afford at today’s price point and offer strong!

01/12/2024

San Diego Funding congratulates Linnea Arrington and Rob Johnson who were awarded the 2024 Five Star Mortgage Award - for the 15th year in a row!

Arrington and Johnson are among just SIX of the over 3100 San Diego Mortgage Professionals to receive this prestigious award each year since its inception

Additionally, San Diego Funding recognizes Alexis Arrington who received the Five Star "Rising Star" Award after her first year in the industry.

We are proud of the commitment our loan officers bring to cultivating long-term relationships with their clients and look forward to serving our community well into the future.

11/30/2023

The Federal Housing Finance Agency (FHFA) announced the 2024 conforming loan limits.

The new conforming loan limit for all counties will be $766,550.
San Diego County’s high balance limit has increased and will now be $1,006,250. Orange and LA County's high balance limit has increased to $1,149,825.

We are closing loans with these new loan amounts immediately.

The Federal Housing Finance Agency (FHFA) announced the 2024 conforming loan limits.