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Story summary
- San Diego County home sales fell in September as mortgage rates neared a three-year high.
- Pending home sales in San Diego County fell 13.1% YoY, the fifth-largest decline among the 20 metros.
- The 30-year fixed mortgage rate hit 7.28% at September’s end, the highest since November 2023.
- Bright MLS chief economist Lisa Sturtevant said higher rates deter sellers and buyers, limiting price declines.