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

Mortgage Rate Update 4-16-12: Trends Projections & Todays Lowest Rates

Have you taken a moment to learn THE TRUTH BEHIND MORTGAGE QUOTES? Please enjoy the report below to help you better prepare yourself for what to expect with mortgage rates moving forward. Once you allow yourself to be equipped with the facts, you will be better suited to make strong financial decisions for your family in relation to your largest personal debt...your mortgage. 

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 4-16-2012 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 100.422  Open 100.406  Change -0.016

3.5 Coupon: Previous Close 103.422  Open 103.453  Change 0.031

4.0 Coupon: Previous Close 105.469  Open 105.500  Change 0.031

Treasuries:

 

5 Year: Previous Close 100.703  Open 100.695  Change -0.008  Yield 0.856

10 Year: Previous Close 100.016  Open 100.063  Change 0.047  Yield 1.993

30 Year: Previous Close 99.547  Open 99.672  Change 0.141  Yield 3.141


Key Economic Data:

 

EUR/USD: Previous Close 1.3065  Open 1.3046  Change -0.0019

GBP/USD: Previous Close 1.5851  Open 1.5837 Change -0.0013

USD/JPY: Previous Close 80.890  Open 80.710  Change 0.1800

 

Gold: Previous Close 1659.10 Open 1652.30 Change -6.80

Oil: Previous Close 102.83 Open 103.00 Change 0.17

 


Key Economic News:

 

Retail sales for Mar

Month-on-month: Actual 0.8%, Consensus 0.3%, Last 1.1%.

Ex-Autos month-on-month: Actual 0.7%, Consensus 0.6%, Last 0.9%.

 

Foreign buying of T-bonds for Feb: Actual 15.35b, Last 83.0b.

Overall net capital flow: Actual 107.7b, Last 18.8b.

 

7:00: Business inventories for Feb: Consensus 0.6%, Last 0.7%.

 

7:00: NAHB housing market index for Apr: Consensus 28, Last 28.

 


Advice:

 

Unless we get a surprise from Business Inventories or NAHB housing market index. I would expect it to be a quiet day for MBS market, the 3.0 cpn to stay around the 100.500 mark.

 

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, CMHS, CMC, NMLS 259027

 

Gordon Mortgage Group - AmeriFirst Financial Inc.

 

Office: 619-200-8031

Email: jgordon@amerifirst.us

www.GordonMortgage.com

 

What People Are Saying About Jason Gordon

 Not all Mortgage Lenders are alike! Find out what Clients, Real Estate Agents and other Financial & Legal Professionals have to say about Jason Gordon.

 

 

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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.

 

Gordon Mortgage Group - AmeriFirst Financial

 

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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Comment balloon 0 commentsJason E. Gordon • April 16 2012 09:08AM
Mortgage Rate Update 4-16-12: Trends Projections & Todays Lowest…
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Have you taken a moment to learn THE TRUTH BEHIND MORTGAGE QUOTES Please enjoy the report below to help you better prepare yourself for what to expect with mortgage rates moving forward. Once you allow yourself to be equipped with the facts, you… more