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 6-28-2012 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 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.
Analyst: Neil Trenerry
3.0 Coupon: Previous Close 102.656 Open 102.781 Change 0.109
3.5 Coupon: Previous Close 105.109 Open 105.203 Change 0.094
4.0 Coupon: Previous Close 106.422 Open 106.469 Change 0.047
5 Year: Previous Close 102.652 Open 100.227 Change -2.426 Yield 0.704
10 Year: Previous Close 101.172 Open 101.484 Change 0.313 Yield 1.585
30 Year: Previous Close 106.281 Open 106.953 Change 0.672 Yield 2.660
Key Economic Data:
EUR/USD: Previous Close 1.2470 Open 1.2429 Change -0.0041
GBP/USD: Previous Close 1.5564 Open 1.5529 Change -0.0035
USD/JPY: Previous Close 79.680 Open 79.410 Change -0.270
Oil: Previous Close 80.21 Open 80.69 Change 0.48
Key Economic News:
GDP for Q1: Actual 1.9%, Consensus 1.9%, Last 1.9%.
PCE for Q1
Prices: Actual 2.6%, Consensus 2.4%, Last 2.4%.
Core prices: Actual 2.3%, Consensus 2.1%, Last 2.1%.
Consumer spending: Actual 2.5%, Last 2.7%.
Initial jobless claims: Actual 386k, Consensus 385k, Last 387k.
Jobless claims 4-week average: Actual 386.75k, Last 386.25k.
Continued jobless claims: Actual 3.296m, Consensus 3.280m, Last 3.299m.
With no surprises in today’s news, and concerns over Europe still lingering. I would expect the market to hold these levels and possible creep up.
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
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
Branch Manager | Sr. Mortgage Loan Officer
CMPS, CDLP, RCS-D, CDPE, CMHS, CMC, NMLS 259027
11440 W. Bernardo Court, Ste. 300, San Diego, CA 92127
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.
To see if you qualify (and to obtain a current market interest rate quote), click here for a secure online loan application form.
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