San Diego Mortgage Group

The monthly Employment Situation Report was released at 8:30am this morning, with much better-than-expected results.  Stocks rallied sharply and most every interest rate in fixed-income markets moved higher.  The economic optimism created by this sort of data tends to increase demand for riskier investments like stocks and lower demand for things like fixed-income notes and [...]

For the second day in a row, Mortgages Rates are just slightly better than unchanged.  Best-Execution remains at 3.875% for conventional 30yr fixed loans, and the slight improvements seen today have benefited the borrowing costs required to obtain those rates.   (learn more about how we calculate Best-Execution in THIS POST).  Also in the same vein [...]

Mortgages Rates are just slightly better than unchanged on the day.  Best-Execution remains at 3.875% for conventional 30yr fixed loans, and the slight improvements seen today have benefited the borrowing costs required to obtain those rates.   (learn more about how we calculate Best-Execution in THIS POST).  Some of the stratification between lender offerings seems to [...]

It’s happened before and it happened again today: Mortgages Rates hit new all time lows today.  Please note, that the actual interest rate you would have been quoted last week and this week may not have changed, but based on raw data from more than 20 leading lenders as well as feedback from the MBS [...]

After setting new record lows yesterday, Mortgages Rates rose slightly today, though 3.875% best-execution remains intact.  Rather than affect the prevailing rates being quoted, today’s weakness is most likely to be seen in the form of slightly higher borrowing/closing costs for the same rates quoted yesterday (learn more about how we calculate Best-Execution in THIS [...]

Mortgages Rates continued their march into better territory today, capping a 3 day effort of improvement following Wednesday’s FOMC Announcement.  At this point, rates have not only solidified their re-entry into 3.875% Best-Execution levels, but some lenders are once again competitively priced at rates below that (for detail on “best-execution,” READ THIS POST).  That said, [...]

Mortgages Rates continued their march into better territory today, capping a 3 day effort of improvement following Wednesday’s FOMC Announcement.  At this point, rates have not only solidified their re-entry into 3.875% Best-Execution levels, but some lenders are once again competitively priced at rates below that (for detail on “best-execution,” READ THIS POST).  That said, [...]

Mortgages Rates spent 2 days at 4.0% in terms of rounded average “Best-Execution” rates (for detail on what that means, READ THIS POST from a few days ago).  Today, that rounded average has returned to 3.875%.  Although the underlying average isn’t as low as it’s ever been (3.88 vs 3.82), lenders tend to price loans [...]

Mortgages Rates over the past two days have done much to make ground lost leading up to Yesterday’s FOMC Announcement.  After further improvements today, rates further solidified their reentry into 3.875% 30yr Fixed Best Execution levels.  (for detail on what that means, READ THIS POST from a few days ago).  The rounded average of various [...]

Mortgages Rates are steady to slightly improved today after rising for the first time in a month yesterday.  Although rates change slightly every day, those changes are usually small enough as to only effect the closing costs associated with a particular rate.  Because of this, we track “Best-Execution” as the actual interest rate benchmark, and [...]