Daily Mortgage Interest Rate Updates, Trends & Projections

head_left_image

Mortgage Rate Update 4-19-12: Trends Projections & Todays Lowest Rates

After a poor start, the market recovered nicely yesterday to finish up 6 basis points. For a full detailed report of the recent history of mortgage rates, along with projections of future interest rate activity, please reference the charts below.

If you are personally seeking a mortgage, I recommend that you do not make a move without first reading about THE TRUTH BEHIND MORTGAGE QUOTES to insure the best financial decisions are being made without the distraction of clever marketing antics.

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 Thursday 4-19-2012 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 Wednesday with an IMPROVEMENT to pricing (and will typically warrant a pricing adjustment by most Lenders). Wednesday's IMPROVEMENT resulted in a change of 6 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 100.406  Open 100.609  Change 0.219

3.5 Coupon: Previous Close 103.453  Open 103.563  Change 0.109

4.0 Coupon: Previous Close 105.500  Open 105.563  Change 0.063

Treasuries:

5 Year: Previous Close 100.727  Open 100.813  Change 0.086  Yield 0.832

10 Year: Previous Close 100.156  Open 100.375  Change 0.219  Yield 1.958

30 Year: Previous Close 99.969  Open 100.313  Change 0.344  Yield 3.109

 
Key Economic Data:

EUR/USD: Previous Close 1.3120  Open 1.3100 Change -0.0021

GBP/USD: Previous Close 1.6019  Open 1.6045 Change 0.0026

USD/JPY: Previous Close 81.240  Open 81.510  Change 0.2700

Gold: Previous Close 1638.80 Open 1641.50 Change 2.70

Oil: Previous Close 102.67 Open 102.61 Change -0.06

 
Key Economic News:

Unemployment

Initial jobless claims: Actual 386k, Consensus 370k, Last 380k.

Jobless claims 4-week average: Actual 374.75k, Last 368.50k.

Continued jobless claims: Actual 3.297m, Consensus 3.28m, Last 3.251m.

7:00: Existing home sales for Mar: Consensus 4.62m, Last 4.59m.

7:00: Leading index change for Mar: Consensus 0.4%, Last -0.9%.

7:00: Philly Fed business index for Apr: Consensus 12.0, Last 12.5.

 

Advice:

With unemployment slipping, all eyes will be on Existing home sales. I expect the 3.0 coupon to stay around 100.50 unless we have some surprise later on in 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. 

//
0 commentsJason E. Gordon • April 19 2012 08:04AM
Mortgage Rate Update 4-19-12: Trends Projections & Todays Lowest Rates
share
After a poor start, the market recovered nicely yesterday to finish up 6 basis points. For a full detailed report of the recent history of mortgage rates, along with projections of future interest rate activity, please reference the charts below… more