San Diego Mortgage Rates Report: September 5, 2014

By
Mortgage and Lending with San Diego VA Home Loans/858-777-9751

The mortgage bond market declined slightly this past week, disappointed that the European Central Bank did not attempt a larger economic stimulus.  Mortgage rates declined this week in antipation of massive markets intervention by the ECB--that didn't happen.  Bond traders weighed that information against less-than-stellar domestic employment reports and gently sold bonds all week.

Mortgage rates rose slightly, week-over-week.  You can see mortgage rates as of September 1, 2014 here and follow the national average mortgage rates at Bankrate.com

San Diego mortgage rates tend to be .125% LOWER than the national average. 
Average rates as of September 5, 2014:

30 Year fixed conventional average=      4.06%
15 Year fixed conventional average=      3.17%
30 year fixed VA/FHA average=               3.65%
30 year fixed VA/FHA jumbo avg.=          4.0%
5/1 adjustable rate conv. average=          3.52%

I published articles this week about: 

1- The importance of the reserve study for a VA condominium complex approval
2- Why listing your house at a lower price might yield a higher sales price.
3- How sellers can save money by offering financing terms before lowering price to meet low offers.

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Location:
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Rainmaker
681,209
Pat Champion
Coldwell Banker Camelot Realty - Mount Dora, FL
Call the "CHAMPION" for all your real estate needs

It is great to have the latest mortgage market update. Thanks for sharing have a great weekend.

Sep 05, 2014 06:39 AM #1
Ambassador
1,965,905
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Brian, I agree with Pat, our buyers often ask what the mortgage rates are and other questions.  Of course, it depends on each individual but at leat we should be able to provide a general answer. Thanks!

Sep 05, 2014 10:48 AM #2
Rainmaker
311,469
Brian Brady
San Diego VA Home Loans/858-777-9751 - San Diego, CA
858-777-9751

It's boring stuff Pat Champion & Silvia Dukes PA, REALTOR but a necessary evil for at least 70% of the buyers.  If you want to receive my Friday afternoon mortgage rates report, text the word RATE to 313131

Sep 06, 2014 12:37 AM #3
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Rainmaker
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Brian Brady

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