Well, it's been a crazy few days in the mortgage market. San Francisco may not have been directly impacted by the subprime disaster, but the collateral damage (tighter underwriting guidelines, higher rates) is impacting everyone.
That said, it isn't all gloom and doom in SOMA these days.
170 Off 3rd has just announced a 5.625% interest rate buy-down on all of their 2 and 2+ bedroom condos. It's fixed for 7 years - you must enter contract during the month of August.
And the sales office over at The Palms continues to offer their interest rate buy-down to 5 year fixed rate of 3.875% on 1 bedroom units.
Happy shopping! (and hey, in the interest of safe shopping, tag a SOMA specialist, or at the very least, your favorite Realtor, to represent you in any of these buildings).
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