Daily Mortgage Interest Rate Updates, Trends & Projections: April 2012

Mortgage Rate Update 4-27-12: Trends Projections & Todays Lowest Rates

Are you currently applying for a mortgage loan and seeking the best mortgage rates? The logical first step in the process is to inform yourself of the facts by reading THE TRUTH BEHIND MORTGAGE QUOTES. Below is a daily market report to help you better understand the direction rates are moving.

Jason E. Gordon - Mortgage Rate Update - www.jasongordon.net

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

The following information is current as of Friday 4-27-2012 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 a WORSENING to pricing (and will typically warrant a pricing adjustment by most Lenders). Thursday's WORSENING resulted in a change of 6 basis points (bps).

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

Today's Lowest Interest Rates - San Diego Residential Mortgage Specialist - Jason E Gordon - www.ApprovingSD.com

The following chart shows the market activity for today:

Today's Lowest Interest Rates - San Diego Residential Mortgage Specialist - Jason E Gordon - www.ApprovingSD.com

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

Today's Lowest Interest Rates - San Diego Residential Mortgage Specialist - Jason E Gordon - www.ApprovingSD.com

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

Today's Lowest Interest Rates - San Diego Residential Mortgage Specialist - Jason E Gordon - www.ApprovingSD.com

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.

Today's Lowest Interest Rates - San Diego Residential Mortgage Specialist - Jason E Gordon - www.ApprovingSD.com

Market Commentary

Analyst: Neil Trenerry

FNMA 30-Year:

 

3.0 Coupon: Previous Close 100.781  Open 100.688  Change -0.094

3.5 Coupon: Previous Close 103.625  Open 103.625  Change 0.000

4.0 Coupon: Previous Close 105.625  Open 105.625  Change 0.000

Treasuries:

 

5 Year: Previous Close 100.172  Open 100.195  Change 0.023  Yield 0.835

10 Year: Previous Close 100.344  Open 100.453  Change 0.094  Yield 1.951

30 Year: Previous Close 99.781  Open 100.000  Change 0.219  Yield 3.125


Key Economic Data:

 

EUR/USD: Previous Close 1.3187  Open 1.3255 Change 0.0068

GBP/USD: Previous Close 1.6177  Open 1.6247 Change 0.0070

USD/JPY: Previous Close 81.030  Open 80.540  Change -0.4900

Gold: Previous Close 1659.60 Open 1662.70 Change 3.10

Oil: Previous Close 104.55 Open 104.63 Change 0.08

 
Key Economic News:

 

GDP for Q1

Index: Actual 2.2%, Consensus 2.5%, Last 3.0%.

PCE prices: Actual 2.4%, Consensus 2.3%, Last 1.2%.

Core PCE prices: Actual 2.1%, Consensus 2.1%, Last 1.3%.

Consumer spending: Actual 2.9%, Last 2.1%.

Employment wages: Actual 0.5%, Last 0.3%.

Employment costs: Actual 0.4%, Consensus 0.5%, Last 0.5%.

 

6:55: Univ of Michigan for Apr

Sentiment: Consensus 75.7, Last 75.7.

Expectation: Consensus 72.5, Last 72.5.

1yr Inflation: Last 3.4%

5yr Inflation: Last 3.0%.

 

7:30: ECRI weekly index: Last 123.9.

 

Advice:

With GDP slipping and Univ of Michigan expected to be flat. We could see a small improvement thru the day.

My position on MBS stays neutral.

Trusted Industry Advisor

Jason E Gordon, San Diego Residential Mortgage Specialist, www.ApprovingSD.com

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

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, CMHS, CMC, NMLS 259027

 

Gordon Mortgage Group - AmeriFirst Financial Inc.

 

Office: 619-200-8031

Email: jgordon@amerifirst.us

www.GordonMortgage.com

 

What People Are Saying About Jason Gordon

 Not all Mortgage Lenders are alike! Find out what Clients, Real Estate Agents and other Financial & Legal Professionals have to say about Jason Gordon.

 

 

Attention Real Estate Agents!

 Ever heard of a Lender having more "skin in the game" during escrow than a Buyer? Ever wish a Lender would put their money where their mouth is? Learn how the Protect Your Transaction (PYT) program will improve the negotiation leverage for a Buyer, as well as how PYT benefits the Seller & Realtors in this short video.

 

 

Successful Realtors embrace technology to help market properties and themselves. This video summarizes a few of the tools the team at GORDON MORTGAGE GROUP (powered by AmeriFirst Financial Inc.) provide their Realtor Partners on a daily basis. Contact us today to learn more!

 

 

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.

 

Gordon Mortgage Group - AmeriFirst Financial

 

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. 

 

CLICK HERE TO READ CLIENT & REALTOR TESTIMONIALS

 

Gordon Mortgage Group Credentials 

Jason Gordon Mortgage 
Comment balloon 0 commentsJason E. Gordon • April 27 2012 09:10AM
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