San Diego Mortgage Group

Mortgages rates are unchanged to slightly higher today.  The change is so minimal that for all intents and purposes, you might as well consider rates “unchanged.”  This is a rather remarkable accomplishment considering tomorrow’s Jobs report because it means that, on average, rates have held their narrowest range between any two Jobs reports since we started [...]

Mortgages rates are unchanged to slightly lower today, after shying away from multi-month lows yesterday.  A weaker than expected employment report helped underlying rates markets start the day off in good territory, but further progress was elusive.  The net effect was insufficient to cause any mid-day reprices and left lenders’ offerings in only marginally better territory [...]

Mortgages Rates are moderately improved to begin the week, taking them slightly lower than than April’s best two days (4/10 and 4/23) and as close as they’ve been to all-time lows in several months. This further solidifies the Conventional 30yr Fixed Best-Execution Rate at 3.875%, which had recently shared the stage with 4.0%. Keep in mind that “best-execution” [...]

Just before reaching fresh multi-month lows, Mortgages Rates rose slightly today after a stronger than expected read on the manufacturing sector.  Overall, rates continue to operate at the same “best-execution” level of 3.875% and today’s deterioration would instead be seen in the form of slightly higher borrowing costs (or decreased lender credit toward closing costs, depending [...]

Mortgages Rates are unchanged from yesterday, capping an extremely flat and historically low week.  The FOMC events on Wednesday gave lenders some pause as they were generally more conservative with pricing.  Even so, the variations left the entire week’s range about as narrow as they come, a feat that’s even more striking considering nearness to all [...]

Mortgages Rates are unchanged from yesterday, capping an extremely flat and historically low week.  The FOMC events on Wednesday gave lenders some pause as they were generally more conservative with pricing.  Even so, the variations left the entire week’s range about as narrow as they come, a feat that’s even more striking considering nearness to all [...]

Mortgages Rates are back down to Tuesday’s levels, near the lowest in several months.  Yesterday’s FOMC-related events caused lenders to price rate sheets somewhat conservatively before the actual information was released.  Since then, markets have calmed and the bond markets that affect mortgage rates–namely MBS (“Mortgage-Backed-Securities”) are slightly improved.   That improvement basically solidifies 3.875% as [...]

Mortgages Rates are unchanged in some cases and slightly higher in others.  Overall, the difference between today’s offerings and yesterday’s is fairly minimal and is more likely to be seen in the form of slightly higher closing costs (or lower lender credit) as opposed to the interest rates themselves.  Yesterday we noted that more an more [...]

Mortgages Rates are higher today, following the FOMC Announcement, Member Forecasts and Press Conference.  The actual text of the Fed’s announcement and the actual levels of it’s future forecasts did not cause the move higher in rates.  Rather, weaker market levels in the morning combined with the fact that those FOMC-related events held the potential to [...]

Mortgages Rates are back to their lowest levels since February.  For an increasing number of lenders, current rates begin to shift the balance towards 3.875% as being the only Best-Execution Rate for Conventional 30yr Fixed Loans.  Best-Ex is currently shared by 3.875% and 4.0%. In many cases, the actual interest rate quoted by lenders will be [...]