MARCH 2026 NEWSLETTER

 San Diego mortgage rates are dropping to their lowest levels since 2022, with the 30-year fixed rate hovering around 5.98%–6.36% as of early March 2026, down from 8% in late 2023. This downward trend is increasing buyer demand, though high home prices and low inventory continue to restrict market velocity.

Key Trends and Data (March 2026)

• Rate Environment: Rates have fallen, with 30-year fixed options dipping below 6% for many lending options (not an offer of credit and not guaranteed).

• Market Impact: The decline has improved affordability, bringing more buyers into the market, but low inventory keeps competition high in "right' homes.

• Price Forecast: If demand keeps rising, home prices could expect to remain high or see slight appreciation, with sellers regaining leverage.  However, nationwide list prices are 1.38% below last year and buyers have more leverage compared to last year overall.  Time will tell.

• Iran Effect: Short term fear rates dip.  If inflated spikes (gas prices up), rates could go higher.  Continue to keep an eye on market as weeks turn into months or conflicts resolve in middle east..

Highest Rates in More Than a Month

Mortgage rates moved higher on Wednesday despite only a modest increase in oil prices. The latter is currently a part of any conversation about interest rates as higher energy costs have fueled inflation expectations. Higher inflation begets higher rates, all else equal.

If you know my work ethic and wouldn't mind taking 5 minutes to LIKE & review me, it would be greatly appreciated!

Happy almost St Patrick's Day.  Our older, adopted daughter, Miranda, was born on St Patrick's Day so it's an important day for our family.  As you know, it also seems to be a big day for firefighters.

Every St. Patrick's Day we try to honor a fallen brother with our "The Firefighter Colby Shigley Memorial Scholarship".  It's a tradition we don't want to lose.  

Are you on a budget but need something decent for your family?  Maybe you work remote?  This home in Blythe may be perfect for you.  This adorable 3-bedroom 2-bath home with a great backyard would satisfy anyone's needs.  It's not far out and is nearby shopping, medical and everything you need at a steal - $205,000!

For homes this time, I wanted to focus on Riverside since we do loans and sell homes up there.  This gem is La Quinta is spectacular and listed at an astonishing $85,00,000.  Who would have thought Riverside and 85 million would be in same sentence.

Visit equitysmartloans.com. Rates, Fees and Programs are subject to change without notice. This is not a guarantee or a commitment to lend. Some products may not be available in all states. Not all applicants qualify for financing, subject to review of credit/collateral. Equity Smart Home Loans NMLS#: 856170 DRE#: 01906808 Headquarters: 1499 Huntington Dr Suite 500, South Pasadena, CA 91030, (323) 258-4317.