va mortgage san diego: San Diego Mortgage News - July 16, 2013
- 07/16/13 02:03 AM
Generally a quiet open this morning. Markets are likely to sit somewhat still through the day today ahead of the beginning of Bernanke’s testimony tomorrow at the House Financial Services Committee; Thursday he moves to the Senate Banking Committee. The obvious topic is what is he thinking now about beginning the end of the QEs? Generally most all market participants are expecting the Fed to start tapering soon, the question is when? Most of the talk has been centered on September for the first cut in the $85B of monthly purchases, some think a cut of $20B a month. Bernanke has been going back and forth … (0 comments)
va mortgage san diego: San Diego Mortgage News - June 25, 2013
- 06/25/13 01:37 AM
A nice price reversal yesterday, after being down 107 bps at 9:30 the 3.5 July FNMA ended down just 14 bps; the 10 yr note unchanged at the end of the day at 2.54%. This morning prior to 8:30 the 10 yr yield had fallen to 2.49% (5:00 am); 8:30 brought May durable goods orders better than forecasts. Orders were expected up 3.3% as reported up 3.5%, ex transportation orders were expected down 0.1% but increased 0.7%. Treasures and MBSs lost most of the early gains.
At 9:00 April Case/Shiller 20 city home price index was expected up 10.9% … (0 comments)
va mortgage san diego: San Diego Mortgage News - June 12, 2013
- 06/12/13 01:41 AM
Market confusion and uncertainty continue to play out in the financial markets. Yesterday stock indexes fell and the treasury and mortgage markets improved, this morning the stock indexes better and treasuries under some pressure. With increasing concerns that the Fed will begin tapering its easing’s and mixed economic outlooks based on data that hasn’t shown much growth, investors are still being “forced” into equity markets as the Fed continues to keep interest rates so low there is nowhere else to go. The bond and mortgage markets feeling the pain as rates increase, however it was inevitable rates would increase, they really … (0 comments)
va mortgage san diego: San Diego Mortgage News - June 5, 2013
- 06/05/13 04:09 AM
Prior to 8:15 the 10 yr was +8/32 at 2.12% -3 bps; US stock indexes were slightly weaker. At 8:15ADP reported private job growth in May increased by 135K, the consensus estimate was +170K; April private jobs were revised lower, to 113K frm 119K. It was all in the service sector increasing 135K, construction gained 5K jobs, financial services +7K, manufacturing lost 6K. Small businesses added 57K jobs. The initial reaction improved the bond market, the 10 yr at 8:30 +13/32 at 2.11% -4 bps, 30 yr 3.5 FNMA MBSs struggling at 8:30 up 14 bp---not much as the MBS market remains more bearish than treasuries. At 8:30 Q1 productivity was … (0 comments)
va mortgage san diego: San Diego Realtor News - April 30, 2013
- 04/30/13 01:01 PM
Pending Home Sales at a 3-year High According to the Associated Press this morning, the number of signed contracts to buy homes rose in March to the highest level in three years. The kicker is that sales are believed to actually be held back by limited supply. There continues to be proof around every corner that the housing market is well on its way to recovery, helped along by low mortgage interest rates. If you would like to read more about it, here's an array of articles to choose from: http://goo.gl/IBqe0
Last Week's Mortgage Rates Recap Last week … (2 comments)
va mortgage san diego: San Diego Mortgage News - April 25, 2013
- 04/25/13 04:33 AM
Weekly jobless claims at 8:30 were better than forecasts; down 16K to 339K. Claims last week were the lowest since early March, so-called consensus estimates were at 350K. The 4 week average on claims was down 4500 to 357,500. As we said yesterday claims now are free from seasonal machinations. A Labor Department spokesman said there was nothing unusual that affected today’s figures, he said big swings in claims are common this month because of layoffs related to school vacations and holidays such as Easter that don’t always occur during the same week each year. He also said the period of … (0 comments)
va mortgage san diego: This week in Mortgage - April 15, 2013
- 04/15/13 02:47 AM
Last Week's Mortgage Rates Recap Last week saw interest rates remain very stable, not really improving too much even though we did see some MBS (Mortgage Backed Security) market improvements. Why does this happen? Well, many reasons can contribute, including supply and demand (lenders have a very strong supply right now and don't need to pass market improvements on to consumers to capture more business), as well as secondary pricing desks hedging against rapid market deterioration. What's all this mean in English? Simply that rates remain flat.
This Week's Mortgage Rates Forecast Risks Favor: FLOATING Now that we are seeing a new trend in MBS … (0 comments)
va mortgage san diego: San Diego Mortgage News - April 11, 2013
- 04/11/13 03:09 AM
Weekly jobless claims out this morning at 8:30; claims were widely expected to have declined 20K to 25K, as reported claims fell 42K to 346K. Last week claims increased 28K, more than was expected at the time. The last two weeks of claims appear to have been to smooth out swings due to the Easter holiday that falls at different times each month. Nevertheless the claims recently have exhibited an increase in volatility. Mix in the March employment report that was exceptionally soft on job creation (+88K) and markets are left scratching heads as to the reality of the employment data … (0 comments)
va mortgage san diego: Mortgage News - Thursday March 21, 2013
- 03/21/13 02:53 AM
Bonds started slightly better today, mortgages also better after yesterday’s declines in prices. In the EU-Cyprus banking crisis nothing has been achieved so far, the country has extended its bank holiday until next Monday, keeping banks closed. The country was unable to negotiate any deal with Russia so far. The ECB taking a strong stand, saying it will cut Cypriot banks off from emergency funds after March 25 (Monday) unless the island agrees on a bailout with the European Union and International Monetary Fund. “The Governing Council of the European Central Bank decided to maintain the current level of Emergency Liquidity … (0 comments)
I do not publish rates on my website. There’s a reason for that. I just don’t believe it is right or fair, as doing so can seriously mislead a potential borrower. Many lenders quote rates online in order to get you to call, but they fail to tell you that pricing loans is highly complex. Each borrower’s situation is unique. To give you an accurate rate quote, I need to do a detailed analysis of your financial situation. There are over 30 different factors that go into the pricing of a loan, including loan size, LTV, CLTV, … (0 comments)
va mortgage san diego: AmeriFirst Financial San Diego, CA Mortgage Banker
- 08/11/12 03:56 AM
We avg. 21 days for purchase transactions! We are a Direct Lender / Mortgage Banker with the ability to broker when need be! Everything is done in-house, here in San Diego, from processing to underwriting to doc drawing to funding! Please call or email me about our loan programs (Conventional, FHA, VA, Jumbo Loans, Conventional to 95%, FHA 203K, HARP 2.0 refinances). I also have access to a whole line of portfolio banking products that don’t fit into the Fannie Mae / Freddie Mac underwriting box. Realtors – let me show you our incredible property marketing system that includes … (0 comments)
va mortgage san diego: Refinance Your San Diego VA Mortgage Loan With The VA IRRRL Program
- 07/03/12 10:10 AM
VA IRRRL - Refinance Your San Diego VA Loan With The VA IRRRL Program The VA IRRRL is a mortgage refinance program that helps San Diego Veterans who currently have a VA loan get a lower monthly mortgage payment. IRRRL stands for “Interest Rate Reduction Refinance Loan” and is sometimes referred to as the VA streamline refinance program or VA IRRL.
Refinance Your San Diego VA Loan With The VA IRRRL Programs Benefits - Some of the benefits and guidelines to the San Diego VA IRRRL program include: A San Diego VA IRRRL refinance may not require an appraisal depending on … (0 comments)
va mortgage san diego: VA Mortgage Refinance in San Diego VA IRRL
- 07/03/12 09:40 AM
For a VA Mortgage Refinance VA IRRL in San Diego, the VA Home Loan Guaranty Program offered by the Department of Veteran Affairs exists to “help veterans and active duty personnel purchase and retain homes in recognition of their service to the Nation.” The VA Mortgage Refinance in San Diego VA IRRL program offers the smartest options for eligible veterans to purchase or refinance their home. Money saving options include the VA Home Loan, VA Streamline Refinance or Interest Rate Reduction Loan (VA IRRL). The VA Streamline Refinance Program or VA Mortgage Refinance in San Diego VA IRRL is a program offered by … (1 comments)
Generally a quiet open this morning. Markets are likely to sit somewhat still through the day today ahead of the beginning of Bernanke’s testimony tomorrow at the House Financial Services Committee; Thursday he moves to the Senate Banking Committee. The obvious topic is what is he thinking now about beginning the end of the QEs? Generally most all market participants are expecting the Fed to start tapering soon, the question is when? Most of the talk has been centered on September for the first cut in the $85B of monthly purchases, some think a cut of $20B a month. Bernanke has been going back and forth … (0 comments)
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