Costa Mesa Real Estate Blog

Finally a little relief to our market- Jumbo Rates, rates for loans in our local Orange County market up to $729,750, have come down to earth!

Rates as of this writing (5/9/08) are currently offered at 5.75% with no points.

That is down nearly a full point from a month ago!!

The market locally in Costa Mesa has already started moving swiftly with sales at a brisk pace for homes under $500,000 and moving moderately well for homes in the 600k-700k range.