jumbo 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)
jumbo rates in san diego: Mortgage Rate Update 2-14-14: Trends & Projections
- 02/14/14 05:22 AM
This morning, January Industrial Production declined 0.3% from December, below the consensus for an INCREASE of 0.3%. Bad weather was again cited as a significant influence on the results. Import Prices & Consumer Sentiment came in close to expectations. There was little immediate reaction to the data, though Mortgage Backed Securities have trended lowere this morning. Pricing has opened 0.125 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 … (0 comments)
jumbo 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)
jumbo rates in san diego: Mortgage Rate Update 1-15-14: Trends & Projections
- 01/15/14 12:27 AM
Stronger than expected economic data has caused Mortgage Backed Securities to move lower this morning. The Empire State manufacturing index surged to 12.5 (well above the consensus prediction of 4.0)...its highest level since May, 2012. December PPI inflation rose 0.4% from November, matching the consensus, and it was 1.2% higher than one year ago. Core PPI, which excludes food & energy, increased 0.3%, far above the consensus prediction of 0.1%. The net result of this news is a market opening of roughly .125 - .250 WORSE to the points/credits associated with each interest rate option. This daily mortgage interest rate report … (0 comments)
jumbo rates in san diego: Mortgage Rate Update 10-3-13: Trends Projections & Today's Best Rates
- 10/03/13 01:31 AM
The ripple effects of the Government Shutdown continue to move throughout the economy. Mortgage rates are slightly improving this morning, but overall uncertainty remains... 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)
jumbo rates in san diego: Mortgage Rate Update 9-20-13: Trends Projections & Today's Best Rates
- 09/20/13 06:27 AM
Wednesday's "banner day" was unfortunately followed by a paltry 28 basis point correction on Thursday. Today has been fairly flat due to the absence of any economic reports. 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 … (1 comments)
jumbo rates in san diego: Mortgage Rate Update 9-17-13: Trends Projections & Today's Best Rates
- 09/17/13 03:58 AM
After a promising start to the week, mortgage pricing worsened a whopping 53 basis points. Today's Consumer Price Index (CPI) came in slightly lower than expected. There was little reaction to the data ahead of tomorrow's Fed Statement. As such, the Dow is up 40 points...there will be no further economic data released today. 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 … (0 comments)
jumbo rates in san diego: Mortgage Rate Update 9-16-13: Trends Projections & Today's Best Rates
- 09/16/13 04:03 AM
One of the candidates for Federal Chief withdrew unexpectedly over the weekend. His withdrawal leaves Janet Yellen, the current Fed Vice Chair as the clear favorite to replace Ben Bernanke. She is expected to continue the Fed's loose monetary policy, which caused a rally in both stocks and bonds this morning. Today's economic data had little impact. The Dow is up 170 points. No more economic data will be released today. 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 … (0 comments)
jumbo rates in san diego: Mortgage Rate Update 9-11-13: Trends Projections & Today's Best Rates
- 09/10/13 11:14 PM
Yesterday after the close of trading (9/101/13), Mortgage Backed Securities (MBS) had a monthly coupon rollover. The effect was -41.11 basis points. WHen the rollover happens, this month's coupon is closed out and all new loans are placed into the next month's coupon. This does not effect rate sheets or pricing. However, any chart patterns which arise frm the rollover must be taken with a grain of salt. 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 … (0 comments)
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Jason E. Gordon
Sr Loan Officer, CMA, CMPS, CDLP, CDRE, RCSD, CDPE
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
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. 
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