Daily Mortgage Interest Rate Updates, Trends & Projections

Mortgage Rate Update 11-10-14: Trends & Projections

With little economic news, Mortgage Backed Securities drifted lower this morning. There will be no loans locked tomorrow in observation of Veteran's Day.

Compared to Friday's closing, the market has opened with a 0.125% WORSENING to the Points/Credits associated with any given interest rate option.

This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given day. Feel free to browse the library and research historical rate updates dating back over 2 years at www.JasonGordon.info whenever desired.  To make things easier, I have also posted a quick report on How To Read The Charts Below.

Also, make sure to learn THE TOP 10 THINGS TO KNOW ABOUT MORTGAGE RATES (to help understand the relationship between rates & fees/credits) along with THE TRUTH BEHIND MORTGAGE QUOTES (to better understand the relationship between up-front closing costs and mortgage interest rates so you don't get duped by clever advertising campaigns). Remember, we all make better decisions in life when we have the actual facts to analyze...share this report with those whom you care about!

San Diego Mortgage Rates - Jason Gordon - www.JasonGordonMortgage.com

The Mortgage Street Smarts of where mortgage interest rates are going (and why):

The following information is current as of Monday 11-10-2014 and will help you understand today's best mortgage rates. If you are a Buyer/Borrower who is still on the fence (or if you are a Real Estate Agent attempting to educate your "on the fence" Buyer), please review these trends and secure an historically low interest rate before it is too late.

The market closed Friday with a SIGNIFICANT IMPROVEMENT to pricing. Friday's SIGNIFICANT IMPROVEMENT netted a change of 33 basis points (bps).

(Note: Upward activity on these charts is GOOD, downward activity is BAD)

Best Mortgage Rates in San Diego

The following chart summarizes todays market activity:

Best Mortgage Rates in San Diego

The following chart shows market activity over the past 10 days (hint: green is good, red is bad)

Best Mortgage Rates in San Diego

The following chart shows market activity over the past 1 month:

Best Mortgage Rates in San Diego

Daily Interest Rate Snapshot (sample of rates from one of the country's largest Lenders...individual pricing will vary based on specific Borrower qualifications): NOTE: This Lender has quoted a 1.00% Origination Fee (1 Point) to accompany this pricing. It bears noting that this chart does not necessarily represent todays best mortgage rates.

Best Mortgage Rates in San Diego

Market Commentary (Neil Trenerry)

FNMA - Month Nov
Cpn 3.0 Chg -0.1719 Bid 99.98438
Cpn 3.5 Chg -0.1406 Bid 103.42188
Cpn 4.0 Chg -0.0781 Bid 106.29688

 

Treasury
UST 5 YR Chg -0.1172 Bid 99.46875 Yield 1.6120
UST 10 YR Chg -0.2188 Bid 100.42188 Yield 2.3260
UST 30 YR Chg -0.4688 Bid 101.32813 Yield 3.0570

 

Currency
Euro Bid 1.2441 Chg -0.0011
Pound Bid 1.5870 Chg -0.0003
Yen Bid 114.640 Chg 0.110
Light Crude
Last 78.54
 
Key Economic Data:
Employment trends for Oct: Actual 123.09, Last 121.7, Revised 121.91.
Advice:
Today could be a volatile day, as most traders will be out.
 
My position on MBS:
Short term Changes to Neutral.
Long term Stays Short.
 
 
Long = I anticipate pricing to improve which leads to lower Rates.
Neutral = Market should stay close to open plus or minimums 25bps.
Short = I anticipate pricing to weaken which leads to higher Rates.
 
Short term = 1 - 2 days out
Long term = 30+ days out

 

Market Commentary (Dan Rawitch)

There is no US news today and trading is quiet ahead of Veterns Day. Bonds are under some pressure, but nothing that is a surprise to me, given the rally on Friday. I would expect us to trade in the same range, between 103.20 and 103.60, with more action being at the upper end of that range. We may test the lows, one more time, before we test the highs. 
No news today, so just watch the trading range of 103.50- 104.20.

 

Trusted Industry Advisor

San Diego Mortgage Rates - Jason Gordon - www.JasonGordonMortgage.com

The above information was compiled and distributed by San Diego Residential Mortgage Specialist, Jason E Gordon in an effort to provide transparency regarding true mortgage rate activity and market guidance to consumers and professionals interested in this activity. All Market Commentary is provided via The Mortgage Coach and/or their RateWatch technology software.

As a Certified Mortgage Planning Specialist (CMPS) Certified Distressed Property Expert (CDPE) Certified Mortgage Coach (CMC), and Certified Military Housing Specialist (CMHS), Jason E Gordon utilizes his advanced training to examine a prospective Client's complete financial picture, while carefully listening to their overall goals. If it is mutually agreed that a new loan makes sense to pursue, Jason strives to make the entire loan process as seamless as possible. He truly believes that providing open communication and patient educational guidance to his Clients and Business Alliances has been a pivotal component to building his business, while enhancing his reputation in the Mortgage Industry as a Trusted Advisor. Visit www.GordonMortgage.com or www.CrossApproval.com or more information.

Click here for daily mortgage interest rate updates and projections for San Diego's best mortgage interest rates

For more information on topics like this, please feel free to visit www.GordonMortgage.com (an educational resource for Borrowers, Real Estate Agents, and Financial Professionals). Educational content provided by:

Jason E. Gordon

Sr. Mortgage Loan Officer

CMPS, CDPE, CMC, NMLS 259027

AmeriFirst Financial, San Diego Residential Mortgage Specialist, Jason E Gordon

Office: 619-200-8031

Email: jgordon@amerifirst.us

www.GordonMortgage.com

 

Attention Real Estate Agents!

(click the video below to learn about my "Preferred Realtor Partner" marketing technology)

 

Recommended Links:

To see if you qualify (and to obtain a current market interest rate quote), click here for a secure online loan application form.

AmeriFirst Financial Jason Gordon

 

Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.

AmeriFirst Financial Inc., 1550 E. McKellips Road, Suite 117, Mesa, AZ 85203 (NMLS #145368) Toll free phone (877) 276-1974. Copyright 2012. All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates, and programs are subject to change without prior notice. All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations may apply. AmeriFirst Financial is required to disclose the following licensing information. Please click here for licensing information. 

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0 commentsJason E. Gordon • November 10 2014 04:01PM
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