Daily Mortgage Interest Rate Updates, Trends & Projections: Mortgage Rate Update 7-27-12: Trends Projections & Todays Lowest Rates

Mortgage Rate Update 7-27-12: Trends Projections & Todays Lowest Rates

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 which 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.

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 Friday 7-27-2012 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 Thursday with a WORSENING to pricing (and will typically warrant a pricing adjustment by most Lenders). Thursday's WORSENING resulted in a change of 3 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 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 104.094  Open 103.750  Change -0.344

3.5 Coupon: Previous Close 106.156  Open 105.953  Change -0.203

4.0 Coupon: Previous Close 107.234  Open 107.094  Change -0.141

 

Treasuries:

5 Year: Previous Close 99.594 Open 99.414 Change  -0.180  Yield 0.619

10 Year: Previous Close 102.938  Open 102.422 Change -0.516  Yield 1.483

30 Year: Previous Close 110.688  Open 109.313 Change -1.375 Yield 2.552


Key Economic Data:

EUR/USD: Previous Close 1.2281  Open 1.2312 Change  0.0031

GBP/USD: Previous Close 1.5685  Open 1.5720 Change 0.0035

USD/JPY: Previous Close 78.200  Open 78.360 Change 0.160

Oil: Previous Close 89.39 Open 89.58 Change 0.13


Key Economic News:

GDP for Q2

Advance: Actual 1.5%, Consensus 1.5%, Last 1.9%.

Price: Actual 0.7%. Consensus 1.4%, last 1.8%.

Core prices Advance: Actual 0.7%, Consensus 0.8%, Last 2.6%.

Consumer spending: Actual 1.8%, Consensus 1.9%, Last 2.3%.

6:55: Univ of Mich for Jul

Sentiment: Consensus 72.0, Last 72.0.

Conditions: Consensus 83.0, Last 83.2.

1yr inflation: Last 2.8%.

5yr inflation: Last 2.8%

7:30: ECRI Weekly index: Last 121.9.

 

Advice:

I believe this morning’s sell off is just profit taking, as concerns over Europe linger, and we have the FOMC next week.

 

My position on MBS stays Long.

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.

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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

 

Gordon Mortgage Group - AmeriFirst Financial Inc.

 

Office: 619-200-8031

Email: jgordon@amerifirst.us

www.GordonMortgage.com

 

11260 El Camino Real, Ste. 100, San Diego, CA 92130

 

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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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Comment balloon 0 commentsJason E. Gordon • July 27 2012 06:44AM

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