Daily Mortgage Interest Rate Updates, Trends & Projections: California: Ocean Beach

Mortgage Rate Update 10-9-13: Trends Projections & Today's Best Rates

In a move that is considered "good news for mortgage rates" a White House official has indicated that Janet Yellen will be nominated to the lead the Federal Reserve (which leads to anticipation that the central bank will continue to keep borrowing costs low for the foreseeable future).

This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given day. Feel free to browse the library and research historical rate updates dating back over 2 years at www.JasonGordon.info whenever desired.  To make things easier, I have also posted a quick report on How To Read The Charts Below.

Also, make sure to learn THE TOP 10 THINGS TO KNOW ABOUT MORTGAGE RATES (to help understand the relationship between rates & fees/credits) along with THE TRUTH BEHIND MORTGAGE QUOTES (to better understand the relationship between up-front closing costs and mortgage interest rates so you don't get duped by clever advertising campaigns). Remember, we all make better decisions in life when we have the actual facts to analyze...share this report with those whom you care about!

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 Wednesday 10-9-2013 and will help you understand today's 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 NEUTRAL RESULT to pricing.  Tuesday's NEUTRAL RESULT netted a change of 0 basis points (bps).

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

  Best Mortgage Rates in San Diego - Jason Gordon Mortgage

The following chart summarizes the activity of today thus far:

 Best Mortgage Rates in San Diego - Jason Gordon Mortgage

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

 Best Mortgage Rates in San Diego - Jason Gordon Mortgage

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

 Best Mortgage Rates in San Diego - Jason Gordon Mortgage

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.

 Best Mortgage Rates in San Diego - Jason Gordon Mortgage

Market Commentary (Neil Trenerry)

FNMA 30-Year:
3.0 Coupon: Open 97.9625 Change -0.0156
3.5 Coupon: Open 101.3125 Change 0.0156
4.0 Coupon: Open 104.5469 Change 0.0625
 
Treasuries:
5 Year: Open 99.7969 Change 0.0469 Yield 1.4170
10 Year: Open 98.7188 Change -0.1094 Yield 2.6500
30 Year: Open 98.2188 Change -0.5156 Yield 3.7230
 
Key Economic Data
EUR/USD: Open 1.3509 Change -0.0062
GBP/USD: Open 1.5953 Change -0.0129
USD/JPY: Open 97.360 Change 0.510
Oil: Open 103.40
 
Key Economic Data:
Mortgage Market
Index: Actual 455.9, Last 450.2.
Purchase: Actual 188.1, Last 189.4.
Refinance: Actual 1995.4, Last 1947.4.
30-yr Rate: Actual 4.42%, Last 4.49%.
 
Advice:
Treasuries advanced, led by five-year notes, after a White House official said Janet Yellen will be nominated to head the Federal Reserve, fueling bets the central bank will keep borrowing costs low. Yellens nomination has helped Treasuries, said Orlando Green, a fixed-income strategist at Credit Agricole Corporate & Investment Bank in London. The five-years are rallying the most. The belly of the curve -- the five-to-seven years tend to perform well in a rally.
 
My position on MBS stays neutral.

Market Commentary (Dan Rawitch)

Again, no schedule news because of the shutdown. The big news on the Street, which is not really news to most of us...is that Janet Yellen will be nominated today, to replace Uncle Ben. So, we go from Uncle Ben to Auntie Jan, which should be good for the markets. It will most likely also remove any chance of taper talk until well into 2014, so we COULD see a sustained rally. For now, play the trading range that we laid out several days ago.
 
I hope your day is GREAT!
 
Here is today's video:

Trusted Industry Advisor

San Diego Residential Mortgage Specialist Jason E Gordon

The above information was compiled and distributed by San Diego Residential Mortgage Specialist, Jason E Gordon in an effort to provide transparency regarding true mortgage rate activity and market guidance to consumers and professionals interested in this activity. All Market Commentary is provided via The Mortgage Coach and/or their RateWatch technology software.

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 best 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,  RCS-D, CDPE, CMHS, CMC, NMLS 259027

 

Gordon Mortgage Group - AmeriFirst Financial Inc.

 

Office: 619-200-8031

Email: jgordon@amerifirst.us

www.GordonMortgage.com

 

11260 El Camino Real, Ste. 100, San Diego, CA 92130

 

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

 

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Comment balloon 0 commentsJason E. Gordon • October 09 2013 08:43AM
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