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 4-10-2012 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 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.
Analyst: Neil Trenerry
3.0 Coupon: Previous Close 100.750 Open 100.766 Change 0.016
3.5 Coupon: Previous Close 103.656 Open 103.750 Change 0.109
4.0 Coupon: Previous Close 105.641 Open 105.719 Change 0.078
5 Year: Previous Close 100.477 Open 100.555 Change 0.078 Yield 0.886
10 Year: Previous Close 99.672 Open 99.813 Change 0.141 Yield 2.021
30 Year: Previous Close 98.891 Open 99.125 Change 0.234 Yield 3.170
Key Economic Data:
EUR/USD: Previous Close 1.3106 Open 1.3103 Change -0.0003
GBP/USD: Previous Close 1.5893 Open 1.5869 Change -0.0024
USD/JPY: Previous Close 81.540 Open 81.020 Change -0.5200
Gold: Previous Close 1642.50 Open 1650.00 Change 7.50
Oil: Previous Close 102.46 Open 102.35 Change -0.11
Key Economic News:
NFIB business optimism for Mar: Actual 92.5, Last 94.3.
ICSC chain stores
Week-on-week: Actual 0.5%, Last 3.8%.
Year-on-year: Actual 4.5%, Last 4.2%.
Month-on-month: Actual 0.8%, Last 0.7%.
Year-on-year: Actual 4.1%, last 4.6%.
7:00: IBD economic optimism for Apr: Last 47.5.
7:00: Wholesale inventories for Feb: Consensus 0.5%, Last 0.4%.
7:00: Wholesale sales for Feb: Consensus 0.7%. Last -0.1%.
With the flat open this morning, unless we get a surprise from the Wholesale numbers I expect the market to stay in a close trading range.
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
Attention Real Estate Agents!
(click the video below to learn about my "Preferred Realtor Partner" marketing technology)
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
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.