san diego homes for sale: San Diego Mortgage News - July 25, 2013 - 07/25/13 02:58 AM
What happened yesterday?  
Mortgage backed securities (MBS) lost -53 basis points from Tuesday's close which caused 30 year fixed rates to move higher.
The benchmark FNMA coupon has now lost -88BPS from Monday's highs.
MBS were under pressure right from the first trade as they tanked -34BPS right out of the gate.Traders have been selling off of their positions as they no longer believe that the benchmark FNMA 3.5% August coupon can sustain their lofty levels of Monday's intra-day high. 
New Home Sales hit a five year high as they rose 8.3% in June.  The seasonally adjusted annualized rate of 497K units is still … (0 comments)

san diego homes for sale: Week of July 15, 2013 - Realtor Mortgage Snapshot - 07/15/13 08:54 AM
Real Estate is Still a Good Buy
With the steady increase in mortgage rates and home prices, is real estate still a good investment?  That is the question that many investors and prospective home buyers are asking, clearly wanting to avoid the trap of the last housing bubble.
Jonathan Gray, Blackstone's global head of real estate thinks it is still a great investment.  And he should know, Blackstone owns over 31,000 U.S. homes and is buying more.
Though many are focused on the recent rise in home prices, prices are dramatically below 2006 levels in a number of markets, Gray said. "We … (1 comments)




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