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 Monday 7-23-2012 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 3 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 103.922 Open 104.281 Change 0.359
3.5 Coupon: Previous Close 106.141 Open 106.313 Change 0.172
4.0 Coupon: Previous Close 107.281 Open 107.328 Change 0.047
5 Year: Previous Close 100.828 Open 100.945 Change 0.117 Yield 0.556
10 Year: Previous Close 102.625 Open 103.078 Change 0.453 Yield 1.411
30 Year: Previous Close 109,422 Open 120.781 Change 1.359 Yield 2.486
Key Economic Data:
EUR/USD: Previous Close 1.2122 Open 1.2091 Change -0.0031
GBP/USD: Previous Close 1.5606 Open 1.5500 Change -0.0106
USD/JPY: Previous Close 78.440 Open 78.250 Change -0.190
Oil: Previous Close 91.83 Open 88.19 Change -3.64
Key Economic News:
National Activity index for Jun: Actual -0.15, Last -0.45.
With Europe still in the headlines, as ECB advised last Friday that Greek government bonds will be ineligible for banks to use as collateral to borrow from the ECB from July 25, and the Spanish region of Murcia becomes the third such autonomous region to request financial help. Could we see the 30-yr 2.5 coupon price soon? If so this could spark another round of refinancing.
My position on MBS changes to Long.
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.
Do you want mortgage rate updates on your cell phone? Simply text the word UPDATES to 79564
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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