Daily Mortgage Interest Rate Updates, Trends & Projections

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Mortgage Rate Update 4-20-12: Trends Projections & Todays Lowest Rates

Who do you know who would like to learn THE TRUTH BEHIND MORTGAGE QUOTES before signing their final loan documents? Remember that knowledge is power and the purpose of these reports is to equip you to make the best possible financial decisions for your family. Mortgage companies and Banks spend millions of dollars each month in an effort to confuse the general public about mortgage rates and closing costs. 

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 Friday 4-20-2012 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 3 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 100.688  Open 100.641  Change -0.047

3.5 Coupon: Previous Close 103.656  Open 103.484  Change -0.172

4.0 Coupon: Previous Close 105.625  Open 105.516  Change -0.109

Treasuries:

 

5 Year: Previous Close 100.805  Open 100.695  Change -0.109  Yield 0.856

10 Year: Previous Close 100.422  Open 100.125  Change -0.297  Yield 1.986

30 Year: Previous Close 100.297  Open 99.594  Change -0.703  Yield 3.146


Key Economic Data:

 

EUR/USD: Previous Close 1.3134  Open 1.3186 Change 0.0054

GBP/USD: Previous Close 1.6053  Open 1.6107 Change 0.0054

USD/JPY: Previous Close 81.600  Open 81.650  Change 0.0500

 

Gold: Previous Close 1640.60 Open 1644.80 Change 4.20

Oil: Previous Close 102.27 Open 103.89 Change 1.62


Key Economic News:

 

7:30: ECRI weekly index: Last 125.7. Annualized: Last 1.4%.

 

Advice:

 

With no help from news for direction, and the Dollar off against major currencies. I would expect the market to stay flat thru the day.

 

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 20 2012 08:46AM
Mortgage Rate Update 4-20-12: Trends Projections & Todays Lowest Rates
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Who do you know who would like to learn THE TRUTH BEHIND MORTGAGE QUOTES before signing their final loan documents? Remember that knowledge is power and the purpose of these reports is to equip you to make the best possible financial decisions for… more