Many years ago, we purchased a home in Carlsbad, using a realtor that was recommended to us - Jim Klinge. Fast forward to 2025, we recently had the privilege of selling 2 homes in Carlsbad, CA and didn't hesitate to reach out to Jim and Donna Klinge of Klinge Realty Group to guide us through the sales. The transactions were very different, each with its own unique situation, opportunities and challenges. From start to finish, Donna and Jim helped navigate the pre-sale preparation, the listing, showing of the house, buyer negotiations, the final close and all of the paperwork and decisions in between. What stands out with both transactions is the professionalism of Jim and Donna (and their team), wonderful communication (timely, relevant, concise), their deep understanding of market dynamics (setting realistic expectations), their access to top-notch contractors, and last, their ability to guide us across the finish line successfully. We wouldn't hesitate to use Jim and Donna in the future and highly recommend them for anyone looking to buy or sell a property in North San Diego County.
Haven’t seen that model Studebaker in years. Looks like it got smacked on the driver’s side. They’re so rare, a full rehab is in order for that pup… said the guy who wouldn’t be paying for it.
Dec 2nd:
Mortgage rates erased yesterday’s losses after today’s jobs report, though not necessarily because of it. The Employment Situation (affectionately referred to as “the jobs”) is traditionally one of the biggest sources of market movement. So when rates make a big move following the jobs report, it’s only natural to assume a cause and effect relationship. That said, most of the credit for today’s move goes other places.
First of all, there’s the simple fact that rates have been trending so decisively higher in general. Just yesterday, I noted that we were increasingly likely to see a rebound as rates continued to push the boundaries of past precedent. In other words, rates have risen about as quickly as they ever have, and it’s common for any financial instrument to blow off some steam in such cases. So that’s part of today’s story.
The other consideration is Europe. There are several important events coming up in Europe over the next week and they’re adding to market volatility. The effects were bad for rates yesterday, but European bond markets (which correlate by varying degrees to US bond markets, and thus, mortgage rates) came charging back today. The drop in Europe’s benchmark rates easily outpaced the drop in US rates, effectively dictating today’s momentum.
Rates ended up falling by the same amount they rose yesterday, making today one of the most abrupt reversals for lender rate sheets, ever! Lenders that had moved up to quoting 4.25% yesterday on top tier conventional 30yr fixed scenarios are now back down to 4.125%.