Daily Mortgage Interest Rate Updates, Trends & Projections: California: Solana Beach

Mortgage Rate Update 9-22-14: Trends & Projections

Existing Home Sales came in slightly below the consensus. No further economic data will be released today.

Compared to Friday's closing, the market has opened with a 0.125 - 0.250 IMPROVEMENT for the Points/Credits associated with any given interest rate option.

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!

San Diego Mortgage Rates - Jason Gordon - www.JasonGordonMortgage.com

The Mortgage Street Smarts of where mortgage interest rates are going (and why):

The following information is current as of Monday 9-22-2014 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 Friday with an IMPROVEMENT to pricing. Friday's  IMPROVEMENT netted a change of 15 basis points (bps).

(Note: Upward activity on these charts is GOOD, downward activity is BAD)

 Lowest Mortgage Rates in San Diego - www.GordonMortgage.com

The following chart summarizes todays market activity:

 Lowest Mortgage Rates in San Diego - www.GordonMortgage.com

The following chart shows market activity over the past 10 days (hint: green is good, red is bad):

Lowest Mortgage Rates in San Diego - www.GordonMortgage.com 

The following chart shows market activity over the past 1 month:

 Lowest Mortgage Rates in San Diego - www.GordonMortgage.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.

 Lowest Mortgage Rates in San Diego - www.GordonMortgage.com

Market Commentary (Neil Trenerry)

FNMA - Month Aug

Cpn 3.0 Chg 0.1406 Bid 98.31250
Cpn 3.5 Chg 0.1250 Bid 101.96875
Cpn 4.0 Chg 0.1094 Bid 105.17188
UST 5 YR Chg 0.0938 Bid 99.17969 Yield 1.8010
UST 10 YR Chg 0.0938 Bid 98.32813 Yield 2.5670
UST 30 YR Chg 0.1250 Bid 97.06250 Yield 3.2800
Euro Bid 1.2845 Chg 0.0018
Pound Bid 1.6331 Chg 0.0044
Yen Bid 109.020 Chg 0.020
Light Crude
Last 92.09
Key Economic Data:
National Activity Index for Aug: Actual -0.21, Last 0.39, Revised 0.28.
7:00: Existing Home Sales for Aug: Consensus 5.20m, Last 5.15m.
Treasuries gained for a third day, the longest rally this month, as a gauge of consumer-price expectations slid and after the Group of 20 warned growth in the global economy has been uneven. Benchmark 10-year note yields remained lower after the
Federal Reserve Bank of Chicagos national activity index for August came in below estimates in a Bloomberg survey. Another report today may show existing home sales grew at a slower pace for a third month in August. Treasury market inflation expectations fell to a 14-month low and RBC Capital Markets LLC cut its forecast for U.S. consumer-price gains this year. The message from the finance ministers was the same we have had before, said Jan von Gerich, fixed-income analyst at Nordea Bank AB in Helsinki. Of course we need to do more to boost growth, but that has been the message for seven years -- concrete ideas are missing. Benchmark Treasury 10-year yields fell two basis points, or 0.02 percentage point, to 2.56 percent as of 9:01 a.m. New York time, according to Bloomberg Bond Trader prices. The price of the 2.375 percent note maturing in August 2024 rose 1/8, or $1.25 per $1,000 face value, to 98 13/32. The last three-day rally ended Aug. 25. While the 10-year yield will keep a bit lower, in the near term, it will test 2.80 percent by year-end, Nordeas von Gerich said.
My position on MBS:
Short term stays Neutral
Long term stays Short.
Long = I anticipate pricing to improve which leads to lower Rates.
Neutral = Market should stay close to open plus or minimums 25bps.
Short = I anticipate pricing to weaken which leads to higher Rates.
Short term = 1 - 2 days out
Long term = 30+ days out

Trusted Industry Advisor

San Diego Mortgage Rates - Jason Gordon - www.JasonGordonMortgage.com

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) Certified Mortgage Coach (CMC), and Certified Military Housing Specialist (CMHS), 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.GordonMortgage.com or www.CrossApproval.com or more information.

Click here for daily mortgage interest rate updates and projections for San Diego's best mortgage interest 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

Branch Manager | Sr. Mortgage Loan Officer



Gordon Mortgage Group - AmeriFirst Financial Inc.


Office: 619-200-8031

Email: jgordon@amerifirst.us



11440 W. Bernardo Court, Ste. 300, San Diego, CA 92127


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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 2 commentsJason E. Gordon • September 19 2014 09:16AM
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