Daily Mortgage Interest Rate Updates, Trends & Projections

Do you know someone who is currently applying for a mortgage loan and looking for the lowest mortgage rates? By forwarding this article, you will be doing them a huge favor! Finally a free daily report that offers complete transparency regarding mortgage rates by showing the actual market activity which influences the direction of mortgage rates. All Real Estate Professionals & Consumers are advised to stay informed about interest rates and learn THE TRUTH BEHIND MORTGAGE QUOTES to insure the best financial decisions are being made without the distraction of marketing gimmicks. Whether you're a newbee, market analyst (or somewhere in between), keep yourself informed of where mortgage interest rates are going (and why) by subscribing to this complimentary daily update.

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

The following information is current as of Friday 5-18-2012 and will help you understand todays 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 Thursday with an IMPROVEMENT to pricing (and will typically warrant a pricing adjustment by most Lenders). Thursday's IMPROVEMENT resulted in a change of 27 basis points (bps).

(hint: upward activity is good, downward activity is bad)

The following chart shows the market activity for today:

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

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

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.

Market Commentary

Analyst: Neil Trenerry

FNMA 30-Year:

3.0 Coupon: Previous Close 102.172  Open 102.063  Change -0.109

3.5 Coupon: Previous Close 104.672  Open 104.578  Change -0.094

4.0 Coupon: Previous Close 106.281  Open 106.219  Change -0.063

 

Treasuries:

5 Year: Previous Close 100.703  Open 100.617  Change -0.094  Yield 0.748

10 Year: Previous Close 100.453  Open 100.203  Change -0.266  Yield 1.729

30 Year: Previous Close 103.938  Open 103.484  Change -0.500  Yield 2.829

Key Economic Data:

EUR/USD: Previous Close 1.2684  Open 1.2705 Change 0.0020

GBP/USD: Previous Close 1.5781  Open 1.5819 Change 0.0035

USD/JPY: Previous Close 79.340  Open 79.320  Change -0.0100

Gold: Previous Close 1574.5 Open 1590.80 Change 16.30

Oil: Previous Close 92.56 Open 92.28 Change -0.28

Key Economic News:

7:30: ECRI weekly index: Last 125.4.

 

Advice:

With no news for help, and concerns over Europe remaining to haunt the credit markets. The MBS market should hold these levels.

 

My position on MBS stays neutral.

Trusted Industry Advisor

The above information was compiled and distributed by San Diego Residential Mortgage Specialist, Jason E Gordon. As a Certified Mortgage Planning Specialist (CMPS) Certified Distressed Property Expert (CDPE) and Certified Mortgage Coach (CMC), 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.jasongordon.net or www.ApprovingSD.com or more information.

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

Do you know someone who is currently applying for a mortgage loan and looking for the lowest mortgage rates? By forwarding this article, you will be doing them a huge favor! Finally a free daily report that offers complete transparency regarding mortgage rates by showing the actual market activity which influences the direction of mortgage rates. All Real Estate Professionals & Consumers are advised to stay informed about interest rates and learn THE TRUTH BEHIND MORTGAGE QUOTES to insure the best financial decisions are being made without the distraction of marketing gimmicks. Whether you're a newbee, market analyst (or somewhere in between), keep yourself informed of where mortgage interest rates are going (and why) by subscribing to this complimentary daily update.

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

The following information is current as of Thursday 5-17-2012 and will help you understand todays 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 Wednesday with an IMPROVEMENT to pricing (and will typically warrant a pricing adjustment by most Lenders). Wednesday's IMPROVEMENT resulted in a change of 21 basis points (bps).

(hint: upward activity is good, downward activity is bad)

The following chart shows the market activity for today:

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

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

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.

Trusted Industry Advisor

The above information was compiled and distributed by San Diego Residential Mortgage Specialist, Jason E Gordon. As a Certified Mortgage Planning Specialist (CMPS) Certified Distressed Property Expert (CDPE) and Certified Mortgage Coach (CMC), 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.jasongordon.net or www.ApprovingSD.com or more information.

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

Do you know someone who is currently applying for a mortgage loan and looking for the lowest mortgage rates? By forwarding this article, you will be doing them a huge favor! Finally a free daily report that offers complete transparency regarding mortgage rates by showing the actual market activity which influences the direction of mortgage rates. All Real Estate Professionals & Consumers are advised to stay informed about interest rates and learn THE TRUTH BEHIND MORTGAGE QUOTES to insure the best financial decisions are being made without the distraction of marketing gimmicks. Whether you're a newbee, market analyst (or somewhere in between), keep yourself informed of where mortgage interest rates are going (and why) by subscribing to this complimentary daily update.

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

The following information is current as of Wednesday 5-16-2012 and will help you understand todays 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 Tuesday with an IMPROVEMENT to pricing (and will typically warrant a pricing adjustment by most Lenders). Tuesday's IMPROVEMENT resulted in a change of 6 basis points (bps).

(hint: upward activity is good, downward activity is bad)

The following chart shows the market activity for today:

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

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

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.

Market Commentary

Analyst: Neil Trenerry

Here is the link to today's video http://ratewatch.com/ratewatchnow

The up trend continues, although we are beginning to see some resistance on the 10 year which may slow down the MBS rally.  We did get some mixed news so far this week, but most of it does not work against our rally.  Watch the FOMC minutes closely this afternoon and watch for any weakness in the 10 year bond, following that news. Overall, good trend and if the FOMC states anything near what I think they should state, I remain bullish.

Trusted Industry Advisor

The above information was compiled and distributed by San Diego Residential Mortgage Specialist, Jason E Gordon. As a Certified Mortgage Planning Specialist (CMPS) Certified Distressed Property Expert (CDPE) and Certified Mortgage Coach (CMC), 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.jasongordon.net or www.ApprovingSD.com or more information.

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

Do you know someone who is currently applying for a mortgage loan and looking for the lowest mortgage rates? By forwarding this article, you will be doing them a huge favor! Finally a free daily report that offers complete transparency regarding mortgage rates by showing the actual market activity which influences the direction of mortgage rates. All Real Estate Professionals & Consumers are advised to stay informed about interest rates and learn THE TRUTH BEHIND MORTGAGE QUOTES to insure the best financial decisions are being made without the distraction of marketing gimmicks. Whether you're a newbee, market analyst (or somewhere in between), keep yourself informed of where mortgage interest rates are going (and why) by subscribing to this complimentary daily update.

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

The following information is current as of Tuesday 5-15-2012 and will help you understand todays 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 Monday with an IMPROVEMENT to pricing (and will typically warrant a pricing adjustment by most Lenders). Monday's IMPROVEMENT resulted in a change of 15 basis points (bps).

(hint: upward activity is good, downward activity is bad)

The following chart shows the market activity for today:

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

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

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.

Trusted Industry Advisor

The above information was compiled and distributed by San Diego Residential Mortgage Specialist, Jason E Gordon. As a Certified Mortgage Planning Specialist (CMPS) Certified Distressed Property Expert (CDPE) and Certified Mortgage Coach (CMC), 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.jasongordon.net or www.ApprovingSD.com or more information.

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

Do you know someone who is currently applying for a mortgage loan and looking for the lowest mortgage rates? By forwarding this article, you will be doing them a huge favor! Finally a free daily report that offers complete transparency regarding mortgage rates by showing the actual market activity which influences the direction of mortgage rates. All Real Estate Professionals & Consumers are advised to stay informed about interest rates and learn THE TRUTH BEHIND MORTGAGE QUOTES to insure the best financial decisions are being made without the distraction of marketing gimmicks. Whether you're a newbee, market analyst (or somewhere in between), keep yourself informed of where mortgage interest rates are going (and why) by subscribing to this complimentary daily update.

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

The following information is current as of Monday 5-14-2012 and will help you understand todays 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 an IMPROVEMENT to pricing (and will typically warrant a pricing adjustment by most Lenders). Friday's IMPROVEMENT resulted in a change of 3 basis points (bps).

(hint: upward activity is good, downward activity is bad)

The following chart shows the market activity for today:

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

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

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.

Trusted Industry Advisor

The above information was compiled and distributed by San Diego Residential Mortgage Specialist, Jason E Gordon. As a Certified Mortgage Planning Specialist (CMPS) Certified Distressed Property Expert (CDPE) and Certified Mortgage Coach (CMC), 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.jasongordon.net or www.ApprovingSD.com or more information.

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

Do you know someone who is currently applying for a mortgage loan and looking for the lowest mortgage rates? By forwarding this article, you will be doing them a huge favor! Finally a free daily report that offers complete transparency regarding mortgage rates by showing the actual market activity which influences the direction of mortgage rates. All Real Estate Professionals & Consumers are advised to stay informed about interest rates and learn THE TRUTH BEHIND MORTGAGE QUOTES to insure the best financial decisions are being made without the distraction of marketing gimmicks. Whether you're a newbee, market analyst (or somewhere in between), keep yourself informed of where mortgage interest rates are going (and why) by subscribing to this complimentary daily update.

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

The following information is current as of Friday 5-11-2012 and will help you understand todays 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 Thursday with an IMPROVEMENT to pricing (and will typically warrant a pricing adjustment by most Lenders). Thursday's IMPROVEMENT resulted in a change of 12 basis points (bps).

(hint: upward activity is good, downward activity is bad)

The following chart shows the market activity for today:

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

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

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.

Market Commentary

Analyst: Neil Trenerry

 

FNMA 30-Year:

3.0 Coupon: Previous Close 101.156  Open 101.313  Change 0.156

3.5 Coupon: Previous Close 103.891  Open 104.047  Change 0.156

4.0 Coupon: Previous Close 105.797  Open 105.859  Change 0.063

Treasuries:

5 Year: Previous Close 100.492  Open 100.625  Change 0.141  Yield 0.745

10 Year: Previous Close 98.781  Open 99.172  Change 0.391  Yield 1.841

30 Year: Previous Close 99.805  Open 99.688  Change -0.117  Yield 3.016

Key Economic Data:

EUR/USD: Previous Close 1.2930  Open 1.2925 Change -0.0005

GBP/USD: Previous Close 1.6129  Open 1.6067 Change -0.0062

USD/JPY: Previous Close 79.860  Open 79.880  Change 0.0200

Gold: Previous Close 1595.10 Open 1586.10 Change -9.00

Oil: Previous Close 97.08 Open 96.08 Change -1.00

Key Economic News:

Producer Price Index for Apr

Prices month-on-month: Actual -0.2%, Consensus 0.0%, Last 0.0%.

Core prices month-on-month: Actual 0.2%, Consensus 0.2%, Last 0.3%.

Core prices year-on-year: Actual 2.7%, Consensus 2.8%, Last 2.9%.

Inflation year-on-year: Actual 1.9%, Consensus 2.1%, Last 2.8%.

6:55: Univ of Michigan for May:

Sentiment: Consensus 76.2, Last 76.4

Conditions: Consensus 83.0, Last 82.9.

7:30: ECRI weekly index: Last 124.7.

 

Advice:

With PPI coming in better expected and a Friday might put pressure on MBS pricing. Also keep an eye on Greece for any changes.

My position on MBS stays neutral (Considering going short).

Trusted Industry Advisor

The above information was compiled and distributed by San Diego Residential Mortgage Specialist, Jason E Gordon. As a Certified Mortgage Planning Specialist (CMPS) Certified Distressed Property Expert (CDPE) and Certified Mortgage Coach (CMC), 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.jasongordon.net or www.ApprovingSD.com or more information.

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

Do you know someone who is currently applying for a mortgage loan and looking for the lowest mortgage rates? By forwarding this article, you will be doing them a huge favor! Finally a free daily report that offers complete transparency regarding mortgage rates by showing the actual market activity which influences the direction of mortgage rates. All Real Estate Professionals & Consumers are advised to stay informed about interest rates and learn THE TRUTH BEHIND MORTGAGE QUOTES to insure the best financial decisions are being made without the distraction of marketing gimmicks. Whether you're a newbee, market analyst (or somewhere in between), keep yourself informed of where mortgage interest rates are going (and why) by subscribing to this complimentary daily update.

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

The following information is current as of Thursday 5-10-2012 and will help you understand todays 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 Wednesday with a WORSENING to pricing (and will typically warrant a pricing adjustment by most Lenders). Wedneday's WORSENING resulted in a change of 3 basis points (bps).

(hint: upward activity is good, downward activity is bad)

The following chart shows the market activity for today:

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

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

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.

Market Commentary

Analyst: Neil Trenerry

 

FNMA 30-Year:

3.0 Coupon: Previous Close 101.313  Open 101.172  Change -0.141

3.5 Coupon: Previous Close 104.156  Open 104.078  Change -0.078

4.0 Coupon: Previous Close 106.078  Open 106.000  Change -0.078

Treasuries:

5 Year: Previous Close 100.563  Open 100.461  Change -0.102  Yield 0.780

10 Year: Previous Close 98.918  Open 98.625  Change -0.293  Yield 1.902

30 Year: Previous Close 101.672  Open 100.859  Change -0.813  Yield 3.081

Key Economic Data:

EUR/USD: Previous Close 1.2932  Open 1.2969 Change 0.0035

GBP/USD: Previous Close 1.6129  Open 1.6177 Change 0.0047

USD/JPY: Previous Close 79.650  Open 79.880  Change 0.2300

Gold: Previous Close 1593.70 Open 1592.40 Change -1.30

Oil: Previous Close 96.81 Open 97.43 Change 0.62

 
Key Economic News:

International Trade month-on-month for Mar: Actual -51.83b, Consensus -50.0b, Last -46.0b, Revised -45.42b.

Import prices for Apr: Actual -0.5%, Consensus -0.2%, Last 1.3%, Revised 1.5%.

Export prices for Apr: Actual 0.4%, Consensus 0.2%, Last 0.8%.

Unemployment

Initial jobless claims: Actual 367k, Consensus 369k, Last 365k, Revised 368k.

Jobless claims 4-week average: Actual 379k, Last 383.5k, Revised 384.5k.

Continued jobless claims: Actual 3.229m, Consensus 3.278m, Last 3.276m, Revised 3.29m.

11:00: Federal budget for Apr: Consensus 30.0b, Last -198.1b.

 

Advice:

With International Trade and Import/Export coming in close to expectations, and unemployment creeping down at a snail’s pace. I would expect the market to hold these levels.

My position on MBS stays neutral.

Trusted Industry Advisor

The above information was compiled and distributed by San Diego Residential Mortgage Specialist, Jason E Gordon. As a Certified Mortgage Planning Specialist (CMPS) Certified Distressed Property Expert (CDPE) and Certified Mortgage Coach (CMC), 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.jasongordon.net or www.ApprovingSD.com or more information.

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

Do you know someone who is currently applying for a mortgage loan and looking for the lowest mortgage rates? By forwarding this article, you will be doing them a huge favor! Finally a free daily report that offers complete transparency regarding mortgage rates by showing the actual market activity which influences the direction of mortgage rates. All Real Estate Professionals & Consumers are advised to stay informed about interest rates and learn THE TRUTH BEHIND MORTGAGE QUOTES to insure the best financial decisions are being made without the distraction of marketing gimmicks. Whether you're a newbee, market analyst (or somewhere in between), keep yourself informed of where mortgage interest rates are going (and why) by subscribing to this complimentary daily update.

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

The following information is current as of Wednesday 5-9-2012 and will help you understand todays 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 Tuesday with a WORSENING to pricing (and will typically warrant a pricing adjustment by most Lenders). Tuesday's WORSENING resulted in a change of 3 basis points (bps).

(hint: upward activity is good, downward activity is bad)

The following chart shows the market activity for today:

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

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

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.

Market Commentary

Analyst: Neil Trenerry

 

FNMA 30-Year:

3.0 Coupon: Previous Close 101.188  Open 101.328  Change 0.141

3.5 Coupon: Previous Close 104.125  Open 104.250  Change 0.125

4.0 Coupon: Previous Close 106.125  Open 106.188  Change 0.063

Treasuries:

5 Year: Previous Close 100.547  Open 100.680  Change 0.133  Yield 0.736

10 Year: Previous Close 101.453  Open 101.750  Change 0.313  Yield 1.802

30 Year: Previous Close 101.969  Open 102.453  Change 0.469  Yield 3.000

Key Economic Data:

EUR/USD: Previous Close 1.2998  Open 1.2944 Change -0.0054

GBP/USD: Previous Close 1.6150  Open 1.6091 Change -0.0059

USD/JPY: Previous Close 79.890  Open 79.550  Change -0.3500

Gold: Previous Close 1604.00 Open 1592.50 Change -11.50

Oil: Previous Close 97.01 Open 95.89 Change -1.12

Key Economic News:

Mortgage Market

Index: Actual 710.4, Last 698.2. Change: Actual 1.7%, Last 0.1%.

Purchase: Actual 197.1, Last 190.7. Change: Actual 3.4%, Last 2.9%.

Refinance: Actual 3734.8, Last 3687.7. Change: Actual 1.3%, Last -0.7%.

30-yr mortgage: Actual 4.01%, Last 4.05%.

7:00: Wholesale Inventories for Mar: Consensus 0.6%, Last 0.9%.

 

Advice:

Again with not a lot of news to help, and the Government still buying MBSs. I would expect the market to hold these levels.

My position on MBS stays neutral.

 Analyst: Dan Rawitch

Here is the link to today's video http://ratewatch.com/ratewatchnow

The nice uptrend continues.  We now have a ten year about to break 1.80% and I see no reason for this not to continue, provided the DOW continues its overdue correction.

Watch the jobs report tomorrow for clues.  If we see improvement there, we will test 104.00 and only then know, if that is where are true support lies.  I suspect it will hold and the rally may continue if we get a weak consumer confidence report.

Stay cautious...but I am still bullish!

Trusted Industry Advisor

The above information was compiled and distributed by San Diego Residential Mortgage Specialist, Jason E Gordon. As a Certified Mortgage Planning Specialist (CMPS) Certified Distressed Property Expert (CDPE) and Certified Mortgage Coach (CMC), 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.jasongordon.net or www.ApprovingSD.com or more information.

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

Do you know someone who is currently applying for a mortgage loan and looking for the lowest mortgage rates? By forwarding this article, you will be doing them a huge favor! Finally a free daily report that offers complete transparency regarding mortgage rates by showing the actual market activity which influences the direction of mortgage rates. All Real Estate Professionals & Consumers are advised to stay informed about interest rates and learn THE TRUTH BEHIND MORTGAGE QUOTES to insure the best financial decisions are being made without the distraction of marketing gimmicks. Whether you're a newbee, market analyst (or somewhere in between), keep yourself informed of where mortgage interest rates are going (and why) by subscribing to this complimentary daily update.

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

The following information is current as of Tuesday 5-8-2012 and will help you understand todays 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 Monday with a NEUTRAL RESULT to pricing (and will typically warrant a pricing adjustment by most Lenders). Monday's NEUTRAL RESULT resulted in a change of 0 basis points (bps).

(hint: upward activity is good, downward activity is bad)

The following chart shows the market activity for today:

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

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

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.

Market Commentary

Analyst: Neil Trenerry

 

FNMA 30-Year:

 

3.0 Coupon: Previous Close 101.125  Open 101.234  Change 0.109

3.5 Coupon: Previous Close 104.063  Open 104.188  Change 0.125

4.0 Coupon: Previous Close 106.078  Open 106.172  Change 0.094

Treasuries:

 

5 Year: Previous Close 100.453  Open 100.523  Change 0.070  Yield 0.768

10 Year: Previous Close 101.078  Open 101.328  Change 0.250  Yield 1.851

30 Year: Previous Close 101.125  Open 101.656  Change 0.531  Yield 3.040

Key Economic Data:

 

EUR/USD: Previous Close 1.3057  Open 1.3010 Change -0.0047

GBP/USD: Previous Close 1.6192  Open 1.6138 Change -0.0054

USD/JPY: Previous Close 79.900  Open 79.840  Change -0.0600

Gold: Previous Close 1638.60 Open 1610.40 Change -28.20

Oil: Previous Close 97.94 Open 96.78 Change -1.16

Key Economic News:

 

NFIB business optimism for Apr: Actual 94.5, Last 92.50.

ICSC Chain stores

Week-on-week: Actual -0.8%, Last -0.3%.

Year-on-year: Actual 3.3%, Last 4.2%.

 

Reedbook

Month-on-month: Actual -1.3%, Last 0.2%.

Year-on-year: Actual 2.6%, Last 2.9%.

IDB economic optimism for May: Last 49.3.

 

 

Advice:

Again with not a lot of news to help, and the Government still buying MBSs. I would expect the market to hold these levels.

 

My position on MBS stays neutral.

Trusted Industry Advisor

The above information was compiled and distributed by San Diego Residential Mortgage Specialist, Jason E Gordon. As a Certified Mortgage Planning Specialist (CMPS) Certified Distressed Property Expert (CDPE) and Certified Mortgage Coach (CMC), 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.jasongordon.net or www.ApprovingSD.com or more information.

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

Do you know someone who is currently applying for a mortgage loan and looking for the lowest mortgage rates? By forwarding this article, you will be doing them a huge favor! Finally a free daily report that offers complete transparency regarding mortgage rates by showing the actual market activity which influences the direction of mortgage rates. All Real Estate Professionals & Consumers are advised to stay informed about interest rates and learn THE TRUTH BEHIND MORTGAGE QUOTES to insure the best financial decisions are being made without the distraction of marketing gimmicks. Whether you're a newbee, market analyst (or somewhere in between), keep yourself informed of where mortgage interest rates are going (and why) by subscribing to this complimentary daily update.

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

The following information is current as of Monday 5-7-2012 and will help you understand todays 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 NEUTRAL RESULT to pricing (and will typically warrant a pricing adjustment by most Lenders). Friday's NEUTRAL RESULT resulted in a change of 0 basis points (bps).

(hint: upward activity is good, downward activity is bad)

The following chart shows the market activity for today:

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

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

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.

Market Commentary

Analyst: Neil Trenerry

 

FNMA 30-Year:

3.0 Coupon: Previous Close 101.031  Open 101.063  Change 0.031

3.5 Coupon: Previous Close 104.031  Open 104.078  Change 0.047

4.0 Coupon: Previous Close 106.000  Open 106.063  Change 0.063

Treasuries:

5 Year: Previous Close 100.445  Open 100.461  Change 0.016  Yield 0.780

10 Year: Previous Close 101.063  Open 101.172  Change 0.109  Yield 1.870

30 Year: Previous Close 101.016  Open 101.219  Change 0.203  Yield 3.062

Key Economic Data:

EUR/USD: Previous Close 1.3026  Open 1.3047 Change 0.0020

GBP/USD: Previous Close 1.6151  Open 1.6154 Change 0.0003

USD/JPY: Previous Close 79.750  Open 79.910  Change 0.1600

Gold: Previous Close 1644.70 Open 1638.70 Change -0.60

Oil: Previous Close 98.49 Open 97.72 Change -0.77

Key Economic News:

7:00: Employment Trends for Apr: Last 107.3.

12:00: Consumer Credit for Mar: Consensus 9.80b, Last 8.73b.

 

Advice:

With little news to help, and the Government still buying MBSs. I would expect the market to hold these levels.

My position on MBS stays neutral.

Trusted Industry Advisor

The above information was compiled and distributed by San Diego Residential Mortgage Specialist, Jason E Gordon. As a Certified Mortgage Planning Specialist (CMPS) Certified Distressed Property Expert (CDPE) and Certified Mortgage Coach (CMC), 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.jasongordon.net or www.ApprovingSD.com or more information.

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