Daily Mortgage Interest Rate Updates, Trends & Projections: California: San Diego: Mission Village

Mortgage Rate Update 9-25-13: Trends Projections & Today's Best Rates

Positive movement after today's Treasury auction caused a mid-day pricing improvement (improving pricing by roughly 0.125 - 0.250 to points/credits).

This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given day. Feel free to browse the library and research historical rate updates dating back over 2 years at www.JasonGordon.info whenever desired.  To make things easier, I have also posted a quick report on How To Read The Charts Below.

Also, make sure to learn THE TOP 10 THINGS TO KNOW ABOUT MORTGAGE RATES (to help understand the relationship between rates & fees/credits) along with THE TRUTH BEHIND MORTGAGE QUOTES (to better understand the relationship between up-front closing costs and mortgage interest rates so you don't get duped by clever advertising campaigns). Remember, we all make better decisions in life when we have the actual facts to analyze...share this report with those whom you care about!

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 Wednesday 9-25-2013 and will help you understand today's 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 Tuesday with a IMPROVEMENT to pricing.  Tuesday's IMPROVEMENT netted a change of 12 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 summarizes the activity of today thus far:

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 (Neil Trenerry)

FNMA 30-Year:
3.0 Coupon: Open 97.2031 Change 0.0469
3.5 Coupon: Open 101.3594 Change -0.0156
4.0 Coupon: Open 104.4844 Change -0.0156
 
Treasuries:
5 Year: Open 100.3828 Change 0.0156 Yield 1.4210
10 Year: Open 98.6406 Change -0.1156 Yield 2.6570
30 Year: Open 98.8125 Change -0.3906 Yield 3.6920
 
Key Economic Data
EUR/USD: Open 1.3500 Change 0.0028
GBP/USD: Open 1.6055 Change 0.0053
USD/JPY: Open 98.610 Change -0.090
Oil: Open 103.60
 
Key Economic Data:
Mortgage Market
Index: Actual 451.9, Last 428.2
Purchase: Actual 200.6, Last 188.1
Refinance: Actual 1889.2, Last 1801.7.
30-yr Rate: Actual 4.62%, Last 4.75%.
Durable Goods for Aug
Index: Actual 0.1%, Consensus 0.0%, Last -7.4%, Revised -8.1%.
Ex-transport: Actual -0.1%, Consensus 1.0%, Last -0.8%, Revised -0.5%.
Ex-defense: Actual 0.5%, Last -6.9%, Revised -7.5%.
7:00: New home sales: Consensus 0.420m, Last 0.394m.
 
Advice:
My position on MBS stays Long.
( FNMA 3.0 Nov @ 96 21/32)

Market Commentary (Dan Rawitch)

Mixed news again today. Durable orders was a huge miss, causing a nice strong move in bonds. We are now seeing some selling pressure after new home sales came in better than expected. I would look for the the gap up opening to try and close as the day goes on. A great 5 year auction could stop that. Anyway...bonds are performing well again! :-)
 
Here is today's video:

Trusted Industry Advisor

San Diego Residential Mortgage Specialist Jason E Gordon

The above information was compiled and distributed by San Diego Residential Mortgage Specialist, Jason E Gordon in an effort to provide transparency regarding true mortgage rate activity and market guidance to consumers and professionals interested in this activity. All Market Commentary is provided via The Mortgage Coach and/or their RateWatch technology software.

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 best 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, CMHS, CMC, NMLS 259027

 

Gordon Mortgage Group - AmeriFirst Financial Inc.

 

Office: 619-200-8031

Email: jgordon@amerifirst.us

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Comment balloon 0 commentsJason E. Gordon • September 25 2013 04:52PM
Mortgage Rate Update 9-25-13: Trends Projections & Today's Best…
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Positive movement after today's Treasury auction caused a mid-day pricing improvement (improving pricing by roughly 0. 125 - 0. 250 to points/credits). This daily mortgage interest rate report is designed to provide Borrowers & Real Estate… more