Daily Mortgage Interest Rate Updates, Trends & Projections

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Mortgage Rate Update 4-23-12: Trends Projections & Todays Lowest Rates

Another day, another improvement for mortgage rates. If you have not already refinanced your existing mortgage, what exactly are you waiting for? Interest rates historically tend to move up and down on a chart (similar to a heart monitor). By locking in rates now, you will be securing some of the lowest mortgage rates in history.

Before you decide who to work with for your next mortgage, I recommend you take a moment to become familiar with THE TRUTH BEHIND MORTGAGE QUOTES. I hope you find this information useful.

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 4-23-2012 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 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 100.641  Open 100.906  Change 0.266

3.5 Coupon: Previous Close 103.563  Open 103.766  Change 0.203

4.0 Coupon: Previous Close 105.547  Open 105.672  Change 0.125

Treasuries:

 

5 Year: Previous Close 100.742  Open 100.906  Change 0.156  Yield 0.814

10 Year: Previous Close 100.266  Open 100.703  Change 0.438  Yield 1.921

30 Year: Previous Close 99.938  Open 101.047  Change 1.109  Yield 3.071


Key Economic Data:

 

EUR/USD: Previous Close 1.3191  Open 1.3127 Change -0.0062

GBP/USD: Previous Close 1.6129  Open 1.6095 Change -0.0035

USD/JPY: Previous Close 81.540  Open 81.070  Change -0.4500

 

Gold: Previous Close 1642.10 Open 1625.10 Change -17.00

Oil: Previous Close 103.38 Open 102.08 Change -1.80


Key Economic News:

 

No news items.

 

Advice:

With no news for help. I expect it to be flat until Wednesday’s FOMC meeting.

 

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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0 commentsJason E. Gordon • April 23 2012 07:10AM
Mortgage Rate Update 4-23-12: Trends Projections & Todays Lowest Rates
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Another day, another improvement for mortgage rates. If you have not already refinanced your existing mortgage, what exactly are you waiting for? Interest rates historically tend to move up and down on a chart (similar to a heart monitor). By… more