Do you know someone who is currently applying for a mortgage loan and looking for the lowest mortgage rates? By forwarding this article, you will be doing them a huge favor! Finally a free daily report that offers complete transparency regarding mortgage rates by showing the actual market activity which influences the direction of mortgage rates. All Real Estate Professionals & Consumers are advised to stay informed about interest rates and learn THE TRUTH BEHIND MORTGAGE QUOTES to insure the best financial decisions are being made without the distraction of marketing gimmicks. Whether you're a newbee, market analyst (or somewhere in between), keep yourself informed of where mortgage interest rates are going (and why) by subscribing to this complimentary daily update.
The Mortgage Street Smarts of where mortgage interest rates are going (and why):
The following information is current as of Thursday 7-19-2012 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 a NEUTRAL RESULT to pricing (and will typically warrant a pricing adjustment by most Lenders). Wednesday's NEUTRAL RESULT resulted in a change of 0 basis points (bps).
(hint: upward activity is good, downward activity is bad)
The following chart shows the market activity for today:
The following chart shows market activity over the past 10 days (hint: green is good, red is bad):
The following chart shows market activity over the past 1 month:
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.
Market Commentary: Neil Trenerry
3.0 Coupon: Previous Close 103.719 Open 103.541 Change -0.125
3.5 Coupon: Previous Close 105.984 Open 105.906 Change -0.078
4.0 Coupon: Previous Close 107.141 Open 107.094 Change -0.047
5 Year: Previous Close 100.758 Open 100.719 Change -0.039 Yield 0.602
10 Year: Previous Close 102.469 Open 102.203 Change -0.266 Yield 1.508
30 Year: Previous Close 108.688 Open 107.938 Change -0.750 Yield 2.615
Key Economic Data:
EUR/USD: Previous Close 1.2283 Open 1.2246 Change -0.0039
GBP/USD: Previous Close 1.5653 Open 1.5683 Change 0.0030
USD/JPY: Previous Close 78.780 Open 78.580 Change -0.200
Oil: Previous Close 89.87 Open 90.95 Change 1.08
Key Economic News:
Initial jobless claims: Actual 386k, Consensus 365k, Last 350k.
Jobless claims 4-week avg: Actual 375.5k, Last 376.5k.
Continued jobless claims: Actual 3.314m, Consensus 3.299m, Last 3.304m.
7:00: Existing Home sales for Jun: Consensus 4.63m, Last 4.55m.
7:00: Leading index for Jun: Consensus -0.1%, Last 0.3%.
7:00: Philly Fed business for Jul: Consensus -8.0, Last -16.6.
Treasuries fell as a report showed U.S. initial jobless claims were higher than forecast last week, boosting speculation the Federal Reserve may act to stimulate economic growth. But keep an eye on Existing Home sales this may change everyone’s opinion.
My position on MBS stays Neutral.
Trusted Industry Advisor
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
Branch Manager | Sr. Mortgage Loan Officer
CMPS, RCS-D, CDPE, CMHS, CMC, NMLS 259027
11260 El Camino Real, Ste. 100, San Diego, CA 92130
What People Are Saying About Jason Gordon
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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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