southern california mortgage interest rates: 2 BR 2 BA Oceanfront Luxury Condo in La Jolla, CA 92037 - 04/07/11 03:20 PM
2 BR 2 BA Oceanfront Luxury Condo in La Jolla, CA 92037
2 BR 2 BA Oceanfront Luxury Condo in La Jolla, CA 92037.  White water ocean views and ocean sounds from this magnificently reconstructed property on one of La Jolla's most famous streets. 87 steps to the sand from the front door, this new, open floor plan with huge patio suits indoor/outdoor living. Single-level construction, two Master Bedrooms with baths; one with balcony. Sweeping ocean views in living room, dining area and magnificent kitchen. No expense spared for owner, who has not occupied since construction was completed and will not.  … (5 comments)

southern california mortgage interest rates: Mortgage Market Snapshot & Rate Lock Advice for Tuesday 4-27-2010 - 04/27/10 04:51 AM
Update: The concerns over Greece and other European nations just won't go away . . Standard & Poors downgraded Greece's debt rating to junk and that is sinking stocks and causing a major rally in bonds. Not good for the world economic picture but very good for interest rates . . FLOAT
Here is today's Market Snapshot from RateAlert.com:
Treasuries and mortgages opened strong this morning as the debt concerns spread in Europe. It is Greece leading the problem but as each day passes with nothing accomplished the contagion is spreading to include Portugal, Spain and likely will include Ireland in … (1 comments)

southern california mortgage interest rates: Mortgage Market Snapshot & Rate Lock Advice for Friday 4-23-2010 - 04/23/10 04:40 AM
Update: Mortgage Bonds are still negative but off the lows of the day so at this point we can very carefully FLOAT.
Here is today's Market Snapshot from Rate Alert.com:
Interest rates jumped overnight and opened this morning higher with prices of mortgages down along with treasuries. At 8:30 March durable goods orders were much lower than expected on the overall at -1.3% against +0.4%, when auto sales are withdrawn orders jumped 2.8% against forecasts of an increase of 0.6%. Total orders unexpectedly dropped, depressed by a 67% plunge in demand for commercial aircraft that is often volatile.   Feb durable goods orders … (0 comments)

southern california mortgage interest rates: Mortgage Market Snapshot & Rate Lock Advice for Thursday 4-22-2010 - 04/22/10 04:53 AM
Update:The MBS Market has turned negative in the last half hour.  Bonds once again were turned away by the thick ceiling of resistance formed by the 50 day and 200 day moving averages.  Since there is nothing on the horizon that could be forseen to boost them over that resistance and with an upcoming announcement of next weeks Treasury auctions my advice is to LOCK as it appears we may be hitting a high point in the market.
Here is today's Market Snapshot from RateAlert.com:

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southern california mortgage interest rates: Mortgage Market Snapshot & Rate Lock Advice for Wednesday 4-21-2010 - 04/21/10 05:31 AM
Update:  The Mortgage Bond Market is up a bit today, testing the resistance of the 25 day moving average.  This resistance has turned the bond back everyday so far this week and with no economic reports due to be released today it is likely the same will happen.  Since we are positive, we can very carefully FLOAT watching for thing to possibly go south if the bond fails once again to break resistance.
Here is today's Market Snapshot from RateAlert.com:
Another quiet start for the markets this morning with no economic data and no news. Earnings continue to be reported and … (0 comments)

southern california mortgage interest rates: Mortgage Market Snapshot & Rate Lock Advice for Tuesday 4-20-2010 - 04/20/10 04:49 AM
Update - MBS Market starting to sell off in mid-day trading again today.  Alert to LOCK!
Here is today's Mortgage Market Snapshop from RateAlert.com:
Treasuries and mortgages opened soft this morning but by 9:00 the 10 yr and mortgage prices climbed back to unchanged. There is no economic data to deal with today, most of the chatter remains about G/S and the SEC fraud charges filed against them. This morning comments from G/S legal counsel. "We would never intentionally mislead anyone, certainly not our clients or our counterparties," Goldman Sachs Co- General Counsel Greg Palm said today on a conference call with … (0 comments)

southern california mortgage interest rates: Mortgage Market Snapshot & Rate Lock Advice for Thursday 4-15-2010 - 04/15/10 05:29 AM
Update: The MBS Market is currently positive, up 16bps.  Many lenders are re-pricing for the better.  My strategy would be to carefully wait for your lender to re-price and then lock as market conditions (as we saw yesterday) are very volatile and things could turn south quickly.
Here is today's Mortgage Market Snapshot from RateAlert.com:
Treasuries and mortgages were slightly better prior to 8:30 this morning but data at 8:30 pulled treasuries and mortgages back to unchanged. Weekly jobless claims were substantially higher than estimates which were for a decline of 20K filings, as reported claims increased 24K to 484K, the … (0 comments)

southern california mortgage interest rates: Bank of America Reports a Surge in San Diego & Riverside County Foreclosures - 04/14/10 06:46 AM
"We have reported recently that we anticipate a rise in foreclosure activity through the coming months as homeowners are unable to qualify for loan modifications, fall out of modification programs or go into delinquency due to the ongoing stress in the economy," wrote Bank of America spokesman Richard Simon in an email.
The complete article:
http://www.nctimes.com/business/article_fa8b8a2a-0fc6-526a-b125-d86bec3d79c4.html
 
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southern california mortgage interest rates: Mortgage Rates Continue to Move Up On Positive Jobs Report & Low Holiday Volume - 04/02/10 05:29 AM
This is today's Mortgage Bond Market snapshot from RateAlert.com provided to you by Steve McCoole of Mortgage Alliance Group in an effort to keep you informed regarding Southern California Mortgage Rates, Southern California Mortgage Lending and Jumbo Mortgage Rates in Southern California.
Mortgage Bonds and Bonds in General Continue to Deteriorate
More trouble for the interest rate sector this morning on the releases of the employment report at 8:30. The headline is an increase in jobs by 162K with the unemployment rate unchanged at 9.7%. While the overall number of jobs was less than expected, the increase in private jobs (non-government … (0 comments)

 
Steve McCoole (Mortgage Alliance Group - San Diego, CA - NMLS#305667)

Steve McCoole

San Diego, CA

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