jason gordon mortgage: Mortgage Rate Update: 10-18-16: Trends & Projections
- 10/18/16 05:38 AM
This morning, September CPI inflation rose 0.3% from August, matching the consensus, and it was 1.5% higher than a year ago. Core CPI, which includes food & energy, rose 0.1%, below the consensus for an increase of 0.2%. Core CPI was 2.2% higher than a year ago, down from 2.3% last month. NAHB Housing met expectations. Compared to Tuesday'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 designed to provide Borrowers & Real Estate Professionals with factual data regarding where rates are at any given time and … (0 comments)
jason gordon mortgage: Mortgage Rate Update: 10-12-16: Trends & Projections
- 10/12/16 07:03 AM
Pricing is at its HIGHEST POINT in the last 3 months as of today! The JOLTS report showed 5.44M job openings in August, down from the previous reading. Compared to Tuesday'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 day. Feel free to browse the library and research historical rate updates dating back over 2 years at … (0 comments)
jason gordon mortgage: Mortgage Rate Update: 8-18-16: Trends & Projections
- 08/18/16 02:19 AM
This morning, Jobless Claims were just above the consensus, while the Philadelphia Fed Index and Leading Indicators both came in at expectations. No more economic data will be released today. Compared to Wednesday'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 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 day. Feel free to browse the library and research historical rate updates dating back over … (0 comments)
jason gordon mortgage: Mortgage Rate Update: 6-9-16: Trends & Projections
- 06/09/16 12:49 AM
This morning, Weekly Jobless Claims fell to 264K, which was below the consensus of 270K. The DOW is currently down about 50 points.. Compared to Wednesday's closing, the market has opened with a 0.125 - 0.250 IMPROVEMENT 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 day. Feel free to browse the library and research historical rate updates dating back over 2 years at www.JasonGordon.info whenever … (1 comments)
jason gordon mortgage: Mortgage Rate Update: 6-6-16: Trends & Projections
- 06/06/16 02:14 AM
After gains on Friday, Mortgage Backed Securities have moved a little lower this morning. No economic data will be released today. Federal Chair Yellen will be speaking later this morning. Compared to Wednesday'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 day. Feel free to browse the library and research historical rate updates dating back over 2 … (0 comments)
jason gordon mortgage: Mortgage Rate Update: 6-2-16: Trends & Projections
- 06/02/16 06:23 AM
Mortgage Backed Securities are up thus far today after declines yesterday. The European Central Bank (ECB) made no change in policy, as expected. The ECB expects to leave accommodative monetary policy in place for quite a while. In the USA, the ADP estimate for private sector job gains in May was 173K, very close to the consensus of $175K. Weekly jobless claims fell to 267K, which was also very close to expectations. Compared to Wednesday'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 … (0 comments)
jason gordon mortgage: Mortgage Rate Update: 5-31-16: Trends & Projections
- 05/31/16 03:32 AM
April Core PCE price index rose 0.2% from March, matching the consensus. It was 1.6% higher than 1 year ago, still well below the Fed's target level of 2.0%. April Personal Income rose 0.4%, matching expectations. The Chicago PMI regional manufacturing index & Consumer Confidence were both lower than expected. No more economic data will be released today. 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 … (0 comments)
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)
Weaker than expected Existing Home Sales data has moved Mortgage Backed Securities lower this morning. Compared to Friday's closing, the market has opened with a 0.125 - 0.250 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 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 … (1 comments)
Despite no significant economic data to report, the market opened nicely today for mortgage rates. Compared to Friday's closing, the market has opened with a 0.125 - 0.250 improvement to the Points/Credits associated with any given interest rate option (but we are trending in the wrong direction early). 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 day. Feel free to browse the library and research historical rate updates dating back over 2 years at www.JasonGordon.info whenever … (1 comments)
Nice start today! Weaker than expected export data in China continues to raise concerns about the pace of the global economic growth. Compared to Monday's closing, the market has opened with a 0.250 improvement to the Points/Credits associated with any given interest rate option (but we are trending in the wrong direction early). 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 day. Feel free to browse the library and research historical rate updates dating back over … (1 comments)
jason gordon mortgage: Mortgage Rate Update 3-4-2016: Trends & Projections
- 03/04/16 12:29 AM
Ouch! Friday morning is having an unpleasant start for mortgage pricing given the data on today's Employment Report. Against a consensus forecast of 190K, the economy added 242K jobs. Remember, good news for the economy = bad news for mortgage rates! Compared to Thursday's closing, the market has opened with a 0.125 worsening to the Points/Credits associated with any given interest rate option (but we are trending in the wrong direction early). 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 … (0 comments)
jason gordon mortgage: Mortgage Rate Update 2-22-2016: Trends & Projections
- 02/22/16 03:33 AM
Despite an early rally in stocks, it has been a relatively quiet morning thus far for Mortgage Backed Securities. No economic data will be released today, so all signs point to a relatively flat afternoon. Compared to Tuesday'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 day. Feel free to browse the library and research historical rate updates … (0 comments)
jason gordon mortgage: Mortgage Rate Update 2-10-2016: Trends & Projections
- 02/10/16 05:06 AM
Volatile day thus far for Mortgage Backed Securities. Despite a rough opening, we have had a mid-day pricing improvement given the declines in stocks! Compared to Tuesday's closing, the market has opened with a 0.125 worsening to the Points/Credits associated with any given interest rate option (but has since improved by 0.250 via a mid-day pricing adjustment!). 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 day. Feel free to browse the library and research historical rate updates … (0 comments)
jason gordon mortgage: Mortgage Rate Update 1-26-2016: Trends & Projections
- 01/26/16 12:35 AM
Quiet morning thus far for Mortgage Backed Security pricing...the Dow is up roughly 240 points. Report on Consumer Confidence came in higher than expected. Fed Meeting tomorrow. Compared to Monday's closing, the market has opened with a 0.000 change 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 day. Feel free to browse the library and research historical rate updates dating back over 2 years at www.JasonGordon.info … (0 comments)
jason gordon mortgage: Mortgage Rate Update 1-19-2016: Trends & Projections
- 01/18/16 11:58 PM
China released its 4th Quarter GDP this morning, which was 6.8% (below expectations). For the year, it was 6.9% (the slowest pace in 25 years). The Stock Market has reacted favorably thus far as Investor expectations for additional stimul from the Chinese government have grown. NAHB Housing came in just below the consensus. 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 designed to provide Borrowers & Real Estate Professionals with factual data regarding where rates are at any given time and what trends are … (0 comments)
jason gordon mortgage: Mortgage Rate Update 1-12-2016: Trends & Projections
- 01/12/16 01:42 AM
The JOLTS report showed 5.43M job openings, an increase from last month. No further economic data will be released today. 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 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 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 … (3 comments)
jason gordon mortgage: 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)
jason gordon mortgage: Mortgage Rate Update 12-7-2015: Trends & Projections
- 12/07/15 01:14 AM
On the heals of a very disappointing run in mortgage rates last week, we begin this week on the right path. Read below on what to expect as the week progresses. Compared to Friday'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 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 day. Feel free to browse the library and research historical rate updates dating back over … (0 comments)
A few years ago, the Real Estate Community was blind-sighted by the implementation of the Mortgage Disclosure Information Act (MDIA). Amidst the chaos of the Housing Crisis, the MDIA was yet another unwelcomed change that wreaked havoc on countless escrows. The main causes of the ensuing nightmare stories stemmed from the fact that Real Estate Agents were unaware of (and unprepared for) the mandatory MDIA timelines when writing contracts and conducting “in escrow” negotiations. The lack of professional communication within the Real Estate & Mortgage industries leading up to the enactment of MDIA caused a myriad of logistical problems … (4 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
This morning, September CPI inflation rose 0.3% from August, matching the consensus, and it was 1.5% higher than a year ago. Core CPI, which includes food & energy, rose 0.1%, below the consensus for an increase of 0.2%. Core CPI was 2.2% higher than a year ago, down from 2.3% last month. NAHB Housing met expectations.
;)
;)
;)
