Daily Mortgage Interest Rate Updates, Trends & Projections: California: Pacific Palisades

Mortgage Rate Update 3-30-12: Trends, Projections & Today's Lowest Rates

Another quarter in the books!  What can we expect from mortgage rates in 2012 Q2? 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 Friday 3-30-2012 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 an IMPROVEMENT to pricing (and will typically warrant a pricing adjustment by most Lenders). Thursday's IMPROVEMENT resulted in a change of 9 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 99.938  Open 100.000  Change 0.063

3.5 Coupon: Previous Close 102.938  Open 103.000  Change 0.063

4.0 Coupon: Previous Close 105.000  Open 105.031  Change 0.031



5 Year: Previous Close 99.930  Open 99.938  Change 0.008  Yield 1.013

10 Year: Previous Close 98.594  Open 98.641  Change 0.047  Yield 2.153

30 Year: Previous Close 97.250  Open 97.460  Change 0.156  Yield 3.261

Key Economic Data:


EUR/USD: Previous Close 1.3298  Open 1.3353  Change 0.0055

GBP/USD: Previous Close 1.5952  Open 1.6000  Change 0.0048

USD/JPY: Previous Close 82.430  Open 82.160  Change -0.2700


Gold: Previous Close 1652.20 Open 1665.80 Change 13.60

Oil: Previous Close 102.78 Open 103.44 Change 0.66

Key Economic News:


Personal consumption for Feb

Real: Actual 0.5%, Last 0.0%.

Income: Actual 0.2%, Consensus 0.4%, Last 0.3%.


PCE for Feb

Price index month-on-month: Actual 0.3%, Last 0.2%.

Price Index year-on-year: Actual 1.9%, Last 1.9%.

Core price index month-on-month: Actual 0.1%, Consensus 0.1%, Last 0.2%.

Core price index year-on-year: Actual 2.3%, Last 2.4%.


6:45 Chicago PMI for Mar: Consensus 63.0, Last 64.0.


6:55 Univ of Michigan for Mar

Sentiment: Consensus 74.7, Last 74.3.

1 year inflation: Last 4.0%.

5 year inflation: Last 3.0%.




With consumption up, but income slipping from last month. We should see an improvement, but keep an eye on Sentiment coming out at 6:55 this could change everything.


My position on MBS stays long (Depending on Sentiment).


Analyst: Lou Barnes

Déjà vu all over again. Another spring, another housing-recovery chorus. Grass turning green, another turning of economic corner. Days longer, oil higher, a new fatal shortage nigh. Vernal equinox, Fed easing must be overdone, bond yields rising, the easing propelling inflation trading and the stock market.
Spring, and the sweet scent of horse manure.
Birds are chirping, leaves and blossoms bursting open, but the economy is still largely where it has been since bouncing off bottom in the spring of 2009. Home sales are not rising, new or used; prices may have flattened, but are not going up; and the distressed pig in the python still threatens to depart the pig in alarming mass, volume, and velocity. Oil is fooling around a hundred bucks, but it's impossible to square a dangerous shortage with substitutable natural gas one-seventh its price at the decade peak ($15.38/MBtu in December 2005;$2.29 this week);US oil imports falling from 60% of consumption to 50%, on the way lower; and global coal un-doing its entire run from 2007-2011, $165/ton to $65. The jump in bond yields began to reverse this week the instant that Perfesser Bernanke said, "It's far too early to declare victory."
The biggest deal, of course, is jobs. While waiting for next week's Good Friday release of March payrolls, consider more from Mr. Bernanke this week:"Importantly, despite the recent improvement, the job market remains far from normal; for example, the number of people working and total hours worked are still significantly below pre-crisis peaks, while the unemployment rate remains well above…."
Alternate to the drivel that passes for economic news on CNBC, Fox, and Bloomberg (and the opinion pieces of WSJ and NYT), please try to read the few pages of the Perfesser's full speech. It's in English, and a model for how to suspend your biases and hunches and mull evidence while the hopes of the world depend on your judgment.
All seems normal: pain evident among some friends and many strangers, but cars and trucks move as always, lights come on at night, shoppers and goods in stores, but all a mask covering US government absent as never since the 1920s. Maybe the 1850s. Congress too afraid of constituents to speak truth. This poor man, President, soon may endure Supreme Court overthrow of his sole domestic achievement (no matter at whose hand: it would have collapsed of its own over-complication and expense).
Want a hero? Someone to hold up to your kids as an example? Somebody above and beyond in public service? Selfless? Wishing only to be inconspicuous, but pushed forward by events? Leading as few ever have before? Leading decisively through chaos, but including his opponents, and even encouraging their public disagreement?
Have you given up, that there are such people in public life? Excoriated every day by blimps not half his intellect, not a tenth his understanding, yet treating all with dignified firmness? And in private -- his actions always in private -- as decisive as any Napoleon, and more aware of the consequences of error than any captain of arms?
Ben S. Bernanke. Annual salary $191,300. Maybe a rich-making book at the end, like his failed predecessor, maybe quiet passage to retirement like Paul Volcker.
Mr. Bernanke blew it as Greenspan's understudy 2002-2005, and in his first year as Chairman, 2006. He missed the credit bubble, which he knows more deeply and painfully than anyone else alive. He was slow to grasp the extent of emergency in July, 2007, but he got it in the following January and ever since he has carried this nation on his back. He has been the singular effective executive in US government, holding the night at bay, two Treasury Secretaries and two Presidents in over their heads.
The Perfesser knows better than anyone that his utterly experimental measures to stop the greatest bank run of all time risk an inflation disaster. And he knows that no matter how hard and inventively he tries, he may be unable to prevent a re-run of the 1930s, especially with no help from the rest of government.
One man, a quiet academic, embracing disciplined doubt, clear-headed and willing to act. Warm, glowing Spring hiding emergency. Do tell the kids someday.

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

Branch Manager | Sr. Mortgage Loan Officer



Gordon Mortgage Group - AmeriFirst Financial Inc.


Office: 619-200-8031

Email: jgordon@amerifirst.us



11440 W. Bernardo Court, Ste. 300, San Diego, CA 92127


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Comment balloon 1 commentJason E. Gordon • March 30 2012 02:04PM
Mortgage Rate Update 3-30-12: Trends, Projections & Today's…
Another quarter in the books! What can we expect from mortgage rates in 2012 Q2? 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… more