Scott Hodge's blog

Ramona California & San Diego Country Estates December 2023 Housing Market Summary CONDOS

Scott here with Homeport Residential and your 14 December Mortgage Interest Rate Update.

This past week was an important one for economic data, as pundits from wall street to main street continue to discuss the possibility of interest rate cuts in 2024.

The San Diego Country Estates Holiday Fair, held on Saturday, December 3rd, at Ramona Oaks Park.

 This years holiday and Christmas fair proved to be a delightful event that brought joy to everyone in attendance. The SDCE Recreation Department went above and beyond to ensure a memorable experience for all. Santa Claus himself was present, capturing moments with eager children and updating his "Nice" list.

Are interest rate cuts by the FED coming in 2024? 

Heading into December overall market performance has continued to support the idea that interest rate cuts from the federal reserve are coming sooner rather than later. The Fed governors this week have begun reinforcing the idea that Fed Policy might be sufficiently restrictive enough to bring inflation down to their target rate of 2%. This is also accompanied by their comments that if inflation continues on it’s downward trajectory a decrease in rates will be warranted.