According to Roger Showley of the Union Tribune, with mortgage rates at an all time low, San Diegans need to consider their options when it comes to their financial decisions. Should they buy or refinance now and lock in a rate? Or wait and hope rates sink even lower, as some economists are predicting? Based on the weekly Primary Mortgage Market Survey presented by Freddie Mac, a 30 year, fixed rate loan is 4.78 percent, down from last weeks 4.84 percent.
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