The ECB made no changes in rates or its other stimulus programs, disappointing some investors who had hoped for more stimulus. ECB President Draghi said that the ECB is ready to add stimulus as needed to ensure that the inflation rate rises to the target level. Compared to Friday's closing, the market has opened with a 0.125 worsening to the Points/Credits associated with any given interest rate option. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Professionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given … (0 comments)
best mortgage rates in san diego: Mortgage Rate Update 1-4-2016: Trends & Projections
- 01/04/16 04:32 AM
What interest rate changes can we expect in 2016? The market opened with an improvement due to concerns about the pace of economic grown in China and rising tensions in the Middle East. Weaker than expected manufacturing data in China caused a selloff in Chinese equities which was followed by declines in other global markets. In addition, Saudi Arabia cut diplomatic ties with Iran, increasing tensions in the region. Investors responded by shifting to safer assets. Compared to Thursday's closing, the market has opened with a 0.125 IMPROVEMENT to the Points/Credits associated with any given interest rate option. This daily mortgage interest rate report is … (0 comments)
best mortgage rates in san diego: Mortgage Rate Update 4-21-2015: Trends & Projections
- 04/21/15 02:54 AM
Another quiet day with respect to the release of economic reports. Recent trends have been fairly flat despite small ripples in either direction as of late. Compared to yesterday's closing, the market has opened with a 0.125 worsening to 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 … (0 comments)
best mortgage rates in san diego: Mortgage Rate Update 12-15-14: Trends & Projections
- 12/15/14 12:41 AM
Mortgage Backed Securities have given back some of last week's gains this morning. Mixed early economic data was roughly neutral. November industrial production rose from October, well above the consensus for increase. However, the Empire State regional manufactuing index declined below the consensus, and to the lowest level since January 2013. The NAHB Housing Survey came in just below expectations. Compared to yesterday's closing, the market has opened with a 0.125 worsening to 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 … (0 comments)
best mortgage rates in san diego: Mortgage Rate Update 10-7-14: Trends & Projections
- 10/07/14 05:31 AM
A decline in stocks has lifted Mortgage Backed Securities this morning. Invevstors are concerned about the pace of global economic growth, particularly in Europe. The JOLTS report came in just above expectations, and no further economic data wil 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 … (1 comments)
best mortgage rates in san diego: Mortgage Rate Update 8-13-14: Trends & Projections
- 08/13/14 03:52 AM
Weaker than expected economic data has lifted Mortgage Backed Securities this morning. July Retail Sales were flat from June, below the consensus for an increase of 0.2%. Retail Sales ex-autos also fell short of expectations. Compared to yesterday'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 … (2 comments)
best mortgage rates in san diego: Mortgage Rate Update 8-8-14: Trends & Projections
- 08/08/14 05:26 AM
Geopolitical events continue to drive Mortgage Backed Securities (MBS) today. US airstrikes in Iraq caused MBS prices to rise. Reports that Russia may be willing to negotiate with Ukraine caused a brief decline in MBS, but Investors were skeptical about the offer (causing MBSA to quickly turn upward). Second Quarter productivity was 2.5%, well above the consensus of 1.5%, but the First Quarter data was revised lower from -3.2% to -4.7%. Compared to yesterday's closing, the market has opened with a 0.250% - 0.375% IMPROVEMENT for the Points/Credits associated with any given interest rate option. This daily mortgage interest rate report is … (0 comments)
best mortgage rates in san diego: Mortgage Rate Update 6-30-14: Trends & Projections
- 06/30/14 01:26 AM
After a down day on Friday, Mortgage Backed Securities rallied, then lost their gains after stronger than expected Chicago PMI and Pending Home Sales data. The market has opened roughly 0.125 WORSE 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 … (0 comments)
best mortgage rates in san diego: Mortgage Rate Update 6-24-14: Trends & Projections
- 06/24/14 01:15 AM
Stronger than expected New Home Sales and Consumer Confidence data has hurt Mortgage Backed Securities, reducing this morning's gains (after a pretty brutal day yesterday). The April Case-Shiller 20 City Home Price Index showed that home prices were 11% higher than this time last year. The market has opened roughly 0.125 WORSE 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 … (0 comments)
best mortgage rates in san diego: Mortgage Rate Update 5-27-14: Trends & Projections
- 05/27/14 01:16 AM
This morning, April Durable Orders showed an increase of 0.8% from March, well above the consensus for a decline of 0.7%. Excluding the volatile transportation component, the results were much weaker however. Factoring in upward revisions to the March data, the report was roughly neutral overall. The March Case-Schiller 20-City home price index showed an increase of 0.9% from February, and it was 12% higher than one year ago. The elections in Ukraine had little impact on global markets. The results from the 2-Year Treasury auction will come out around 1pm EST today. Pricing has opened 0.125 WORSE to the points/credits … (4 comments)
best mortgage rates in san diego: Mortgage Rate Update 2-18-14: Trends & Projections
- 02/18/14 03:03 AM
This morning (after a down day on Friday), the Empire State Regional Manufacturing Index came in below expectations. There was little reaction to the data. The DOW is up 10 points. There is no more economic data to be released today. Pricing has opened 0.125 - 0.250 WORSE to the points/credits associated with each 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 … (1 comments)
best mortgage rates in san diego: Mortgage Rate Update 2-6-14: Trends & Projections
- 02/06/14 05:59 AM
After declines yesterday, it has been a quiet morning ahead of tomorrow's Employment report. Weekly Jobless Claims dropped to 331K, which was very close to expectations. Fourth quarter Productivity rose to 3.2%, above the consensus of 2.5%. The December Trade Deficit was larger than expected. The European Central Bank (ECB) made no change in rates. The Dow is up 150 points. No more economic data will be released today. As a result of the above economic activity, pricing has opened 0.125 / 0.250 WORSE to the points/credits associated with each interest rate option. This daily mortgage interest rate report is designed … (0 comments)
best mortgage rates in san diego: Mortgage Rate Update 2-3-14: Trends & Projections
- 02/03/14 01:36 AM
We are currently riding a nice trend for mortgage rates, but history has taught us not to take these trends for granted. A big miss on the ISM Manufacturing Data has lifted Mortgage Backed Securities this morning. Construction Spending came in at expectations. No further economic data will be released today. The Dow is currently down about 150 points. As a result of the above economic activity, pricing has opened +/- 0.125 to the points/credits associated with each interest rate option. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where … (1 comments)
best mortgage rates in san diego: Mortgage Rate Update 1-24-14: Trends & Projections
- 01/24/14 01:43 AM
Although there has been very little economic news this morning, Investors are heavily gravitating towards safer assets, including Mortgage Backed Securities. The Dow is down 160 points, and mortgage pricing is IMPROVING. The result of this data is a market opening of 0.250 BETTER to the points/credits associated with each 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 … (1 comments)
best mortgage rates in san diego: Mortgage Rate Update 1-22-14: Trends & Projections
- 01/22/14 05:15 AM
After a down afternoon yesterday, combined with little news this morning, Mortgage Backed Securities have declined throughout the day. The net result is approximately 0.250% - 0.375% WORSE to 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 … (0 comments)
best mortgage rates in san diego: Mortgage Rate Update 1-17-14: Trends & Projections
- 01/17/14 02:16 AM
Today's mixed economic data provided little direction for investors this morning. December Housing Starts declined 10% from the 5 year high seen in November to an annual rate of 999K units (which was still above the consensus of 985K units). Building Permits fell short of expectations however. December Industrial Production matched the consensus with a small increase from November. Capacity Utilization increased to 79.2%, the highest level since May 2008. Overall Consumer Sentiment was a bit lower than forecasted. The net result of the above news was a market opening of approximately 0.125% BETTER to the points/credits associated with each interest … (0 comments)
best mortgage rates in san diego: Mortgage Rate Update 1-14-14: Trends & Projections
- 01/13/14 11:53 PM
We are on a nice run with mortgage pricing over the past 2 days. Monday netted a 37 basis point improvement. 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 … (0 comments)
best mortgage rates in san diego: Mortgage Rate Update 1-13-14: Trends & Projections
- 01/13/14 02:01 AM
Nice opening today for mortgage rates! We are approximately 0.250 - 0.375 BETTER in terms of any points/credits associated with each 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, … (0 comments)
best mortgage rates in san diego: Mortgage Rate Update 12-27-13: Trends Projections & Today's Best Rates
- 12/27/13 01:42 AM
Mortgage pricing has slightly improved in early trading this morning. On average, the points/credits associated with each particular interest rate are 0.125 - 0.250 better thus far. 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 … (1 comments)
best mortgage rates in san diego: Mortgage Rate Update 12-23-13: Trends Projections & Today's Best Rates
- 12/23/13 01:47 AM
It has been a fairly quiet morning thus far in relation to market movement. November Core PCE inflation matched the consensus with an increase of 0.1% from October (only 1.1% higher than 1 year ago). Personal income came in weaker than expected. Consumer sentiment also came in slightly below expectations. The Dow is up 75 points, mortgage pricing is +/- .125 from Friday's close. 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 … (0 comments)
Author Bio: Jason Gordon is a Residential Mortgage Specialist in San Diego, CA. He combines ethics, education, and experience while helping Homebuyers and Homeowners to achieve their financial goals.View all AR Posts By Jason Gordon
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