Daily Mortgage Interest Rate Updates, Trends & Projections

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Mortgage Rate Update 3-28-12: Trends, Projections & Today's Lowest Rates

We are just days away from the completion of 2012 Q1...my how time flies! What can we expect from mortgage rates next quarter? 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.

Mortgage Street Smarts - Daily interest rate updates, daily mortgage rate projections, mortgage quotes, featuring todays best mortgage rates. Provided by San Diego Residential Mortgage Specialist Jason E Gordon, CMPS, Direct Lender, Mortgage Broker, San Diego, CA. Visit www.MortgageStreetSmarts.com for free online mortgage calculator, no hassle mortgage quote, and secure online mortgage loan application.

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

The following information is current as of Wednesday 3-28-2012 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 Tuesday with an IMPROVEMENT to pricing (and will typically warrant a pricing adjustment by most Lenders). Tuesday's IMPROVEMENT resulted in a change of 21 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 99.734  Open 99.781  Change 0.047

3.5 Coupon: Previous Close 102.813  Open 102.828  Change 0.016

4.0 Coupon: Previous Close 104.906  Open 104.922  Change 0.016

Treasuries:

 

5 Year: Previous Close 99.305  Open 99.258  Change -0.047  Yield 1.030

10 Year: Previous Close 98.344  Open 98.219  Change -0.125  Yield 2.201

30 Year: Previous Close 96.672  Open 96.313  Change -0.359  Yield 3.320


Key Economic Data:

 

EUR/USD: Previous Close 1.3317  Open 1.3307  Change -0.0009

GBP/USD: Previous Close 1.5947  Open 1.5883  Change -0.0063

USD/JPY: Previous Close 83.190  Open 83.060  Change -0.1300

 

Gold: Previous Close 1684.80 Open 1684.80 Change 0.00

Oil: Previous Close 107.33 Open 105.51 Change -1.82

 
Key Economic News:

 

Mortgage market

Index; Actual 663.7, Last 681.9. Change: Actual -2.7%, Last -7.4%.

Purchase index: Actual 190.6, Last 184.6. Change 3.3%, Last -1.0%.

Refi index: Actual 3438.6, Last 3603.5. Change -4.6%, Last -9.3%.

30-yr Rate: Actual 4.23%, Last 4.19%.

 

Durable Goods for Feb

Index: Actual 2.2%, Consensus 3.0%, Last -3.7%.

Ex-transports: Actual 1.6%, Consensus 1.7%, Last -3.0%.

Ex-defense: Actual 1.7%, Consensus 1.8%, Last -4.3%.

 

Advice:

 

With the Dollar improving over European currencies, as the markets watch Portugal with concerns, and Durable goods just missing the mark. I expect the 3.0 cpn to trade in the  99.626 – 99.875 range.

 

My position on MBS stays long.


Analyst: Dan Rawitch


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

Be careful here...we did as I expected and we ran up to test 103.00.  It was not received well.  This can happen and we will not know for sure if we failed without another attempt.

If Jobless claims or GDP come in strong...this will turn out to be a bearish retracement, so be careful.

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.jasonegordon.com 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, 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 • March 28 2012 08:07AM
Mortgage Rate Update 3-28-12: Trends, Projections & Today's Lowest…
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We are just days away from the completion of 2012 Q1… my how time flies! What can we expect from mortgage rates next quarter? All Real Estate Professionals & Consumers are advised to stay informed about interest rates and learn THE TRUTH BEHIND… more