Tag: Rod Bairos
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Fed Lowers Rates. They Hint at more to come
Recent Fed Rate Cut The Fed reduced its benchmark interest rate by 25 basis points to a level between 4.00% to 4.25% What the Fed interest rate cut means for mortgages – CBS News, marking the first reduction since December 2024. This brings the rate to its lowest level since 2022. Mortgage Rate Response Interestingly,… Read more
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Major Rate Drop This Week Expected
The 30-year fixed mortgage rate averaged 6.35% for the week ending September 11, down from 6.50% last week, according to data released Thursday by Freddie Mac. That’s the sharpest weekly drop in rates so far this year. Mortgage rates are finally sinking — and fast | CNN Business This represents the biggest one-week drop… Read more
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Current Real Estate Update
Current Market Conditions The San Diego housing market is facing challenging conditions with sales near historic lows – June 2025 was the second-lowest sales month in data going back 20 years Market Activity for the Greater San Diego Association of …. Sales volume is down about 7-8% compared to a year prior, with roughly 1,684… Read more
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History of the USS Midway
The USS Midway (CV-41) was a legendary aircraft carrier that served the U.S. Navy for nearly five decades, from 1945 to 1992. She was the lead ship of the Midway-class carriers and one of the longest-serving aircraft carriers in naval history. USS Midway Website Construction and Early Years (1940s-1950s) The Midway was laid down in… Read more
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History of the Star of India
The Star of India has a fascinating history spanning over 160 years, with a special connection to San Diego that began in the 20th century. Origins and Early Career The ship was built in 1863 in Ramsey, Isle of Man, as the full-rigged ship Euterpe. Star of India (ship) – Wikipedia Originally named after the… Read more
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History of Del Mar Racetrack
Origins and Founding Del Mar Racetrack was built in 1936 by the Del Mar Thoroughbred Club, with founding member Bing Crosby providing leadership. Crosby, who served as President of the Turf Club, partnered with his close friend, movie star Pat O’Brien, who served as Vice President. Crosby was a Rancho Santa Fe resident and racing… Read more
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Del Mar’s Most Expensive Home For Sale
Construction & Design The home is called “Ocean House Del Mar” and was completed in October 2024. It was designed with a beachgoer’s DNA to emphasize livability while embracing 21st century technology, longevity and functional elegance. The property was built by Sweig General Contracting with Studio William Hefner architects. The house is designed like a… Read more
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California’s Most Expensive Home for Sale
The Lyon Estate – Coto de Caza, Orange County The 137-acre estate of the late real estate magnate William Lyon and his wife, Willa Dean, is currently on the market for $125 million. This property is located in Cota de Caza, Orange County. This property was built by Major General William Lyon in 1986, who was… Read more
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History of Father’s Day
Father’s Day has an interesting history that developed differently across various countries, though the modern American version is now widely celebrated internationally. Origins in the United States The holiday began in the early 20th century, largely through the efforts of Sonora Smart Dodd in Spokane, Washington. After hearing a Mother’s Day sermon in 1909, she… Read more
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History of Lakeside, California
Lakeside, California has a rich history spanning over 150 years. Here’s an overview of the community’s historical development: Indigenous Origins For thousands of years before European settlement, the Kumeyaay people lived in the area, enjoying the moderate climate and abundant water supply from Lindo Lake – San Diego County’s only natural lake Lakeside History –… Read more