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If you’re eyeing a home in San Diego, here’s where mortgage interest rates stand now and where things seem to be heading.
📉 Current Rates in San Diego & California
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For a 30-year fixed mortgage in California, rates are currently around 6.4%–6.5% APR. Realtor+3Bankrate+3Zillow+3
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San Diego local rates are very similar, with 30-year fixed loans showing APRs in the mid-6% range. sandiegorealestatehunter.com+2Realtor+2
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15-year fixed mortgages are running lower, often around 5.5%–5.7% depending on credit, down payment, lender, and other factors. Bankrate+2NerdWallet+2
🔮 What the Forecast Looks Like for San Diego
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Experts expect interest rates to gradually decline through the rest of 2025 and into 2026, especially if inflation continues to ease and the U.S. Federal Reserve lowers its benchmark rates. Investopedia+3Reuters+3Barron’s+3
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There’s some hope that rates could approach just under 6% for 30-year fixed mortgages if favorable economic conditions hold. But large drops like those seen in earlier years (e.g. 3-4%) are considered unlikely in the near term. Barron’s+2Investopedia+2
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Home prices in San Diego County have been rising modestly, particularly in low- and mid-tier segments. That moderates some of the gains in affordability that falling rates might bring. First Tuesday Journal+1
🏠 What This Means for Buyers in San Diego
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If you’re considering buying, locking in a rate now might be wise, especially if you find one in the mid-6% range you’re comfortable with. If rates drop further, there may be an opportunity to refinance.
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Monitor your credit score, down payment options, and which lenders are offering competitive deals—you can sometimes shave points off the APR with a better credit profile or more upfront payment.
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Also watch local market trends: inventory, how quickly homes are selling, and whether home price growth slows. These will affect overall affordability.
✅ Bottom Line
In San Diego County, rates are elevated compared to a few years ago, but they’ve eased somewhat recently. Most forecasts suggest a slow but steady decline over the coming year rather than any sharp drop. If affordability is a concern, moving sooner might be less risky than waiting for rates to fall a lot—and missing out.
Steve Cardinalli
Real Estate Professional, 01323509
(760) 814-0248
Steve@Cardinalli.com
www.Cardinalli.com
Century 21 Affiliated Fine Homes & Estates
Village Faire in Carlsbad Village
300 Carlsbad Village Dr, 223
Carlsbad, CA 92008
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