10/14/2026
Mortgage rates may be higher, but that’s not the whole story.
Yes, rates have climbed to around 7.5%, and nationally we’re seeing more price reductions and a little more room for buyers to negotiate.
Here in San Diego, about 20.4% of active listings had a price reduction in September. At the same time, inventory was actually down 1.5% year over year, so buyers still aren’t flooded with options.
What does that mean?
It means today’s market can be a little more balanced than the ultra-competitive 3% mortgage era. Buyers may have more opportunities to:
- negotiate price
- ask for credits
- request repairs
- keep important protections in place
So yes, the rate matters. But so does the deal you’re able to negotiate.
Thinking about buying in San Diego? Don’t just focus on the interest rate. The right home, the right terms, and the right negotiation can make a big difference.
Call or text the McT Real Estate Group today and let’s talk about what buying in today’s market could look like for you.
McT Real Estate Group
TXR Homes, Inc.
619–736-7003
www.mctrealestategroup.com