Daily Mortgage Interest Rate Updates, Trends & Projections

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Mortgage Rate Update 4-9-12: Trends, Projections & Todays Lowest Rates

What a great day for the market on Friday.  Typically an improvement of 24 basis points will result in a mid-day pricing improvement for the benefit of the Borrower!  See below for a full breakdown of the recent activity for Friday, the last 10 days, and even the last month.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 Monday 4-9-2012 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 Friday with an IMPROVEMENT to pricing (and will typically warrant a pricing adjustment by most Lenders). Friday's IMPROVEMENT resulted in a change of 24 basis points (bps).

NOTE: Due to Good Friday, the market closed early (thus the "flat line" in the afternoon period)

(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 100.609  Open 100.734  Change 0.125

3.5 Coupon: Previous Close 103.516  Open 103.609  Change 0.094

4.0 Coupon: Previous Close 105.484  Open 105.578  Change 0.094

Treasuries:

 

5 Year: Previous Close 100.469  Open 100.523  Change 0.063  Yield 0.891

10 Year: Previous Close 99.531  Open 99.734  Change 0.203  Yield 2.030

30 Year: Previous Close 98.406  Open 98.813  Change 0.391  Yield 3.188


Key Economic Data:

 

EUR/USD: Previous Close 1.3099  Open 1.3050  Change -0.0049

GBP/USD: Previous Close 1.5886  Open 1.5856  Change -0.0030

USD/JPY: Previous Close 81.520  Open 81.290  Change -0.2100

 

Gold: Previous Close 1628.50 Open 1644.40 Change 15.90

Oil: Previous Close 103.31 Open 101.58 Change -1.73


Key Economic News:

 

Midwest manufacturing for Feb: Actual 91.7, Last 90.1.

 

7:00 Employment Trends for Mar: Last 107.5

 

Advice:

 

With not much on the news front for help, we might see some buying as traders re-open close positions. Otherwise I expect a slow day. With trading range in the 3.0 coupon 100.625 – 100.875.

 

My position on MBS stays neutral.

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.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

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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4 commentsJason E. Gordon • April 09 2012 08:03AM
Mortgage Rate Update 4-9-12: Trends, Projections & Todays Lowest Rates
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What a great day for the market on Friday. Typically an improvement of 24 basis points will result in a mid-day pricing improvement for the benefit of the Borrower! See below for a full breakdown of the recent activity for Friday, the last 10 days,… more