San Diego Mortgage Group

For the first time in over a month, the Best-Execution rate for 30yr fixed mortgages rose from a rounded average of 3.875% to 4.00% today.  The underlying borrowing costs associated with 3.875% didn’t rise by a significantly painful amount, but the small increases across the board, combined with one huge move by a huge lender, [...]

Mortgage Rates moved higher again today, albeit by a relatively small amount on average.  But averages only tell part of the story.  We’re seeing the same phenomenon of increasingly divergent rates between lenders crop up that we saw when the last major shift down in rates was happening, only this time it isn’t so much [...]

Mortgage Rates worsened at a reasonably brisk pace today when compared with recent relative stability.  Still, the movement remains confined to costs associated with as yet, unchanged Best-Execution Rates.  That means that 3.875% is still the average “best-case-scenario and best bang-for-the-buck” rate among most lenders rounded to the nearest eighth.  3.75% had been increasingly attractive [...]

Mortgage Rates continue to ebb and flow in the same pattern that has persisted for over a month.  The average Best-Execution interest rate for a 30yr fixed loan has remained at 3.875% during that time and the closing costs associated withtthat rate have been gently rising and falling, with increasing regularity.  We’ve rarely strung together [...]

After setting new records on Friday, Mortgage Rates are absolutely flat to start the week.  That means that Best-Execution remains most appropriately at 3.875% although 3.75% continues to be as close as it’s ever been to getting equal recognition.  Depending on the scenario in question, lower rates are available and in rare cases, could make [...]

How many times will we have the opportunity to write this headline in 2012?  Yet again, Mortgage Rates on average, have broken recently set records for 30yr Fixed Best-Execution rates and moved to new all time lows.  Best-Execution remains most appropriately at 3.875% although 3.75% is as close as it’s ever been to getting equal [...]

Mortgage Rates held steady to slightly improved today.  This comes after yesterday marked the first hint of rate drama we’ve seen in 2012, which was nothing more than a minor increase to borrowing costs.  With each passing day of Best-Execution rates staying glued to 3.875%, we grow more and more weary of the monotony, but [...]

Mortgage Rates finally experienced their first noticeable move higher in 2012, although it should be noted that “noticeable” doesn’t necessarily mean it was extreme.  Indeed, the 3.875% Best-Execution rate remains intact, and as has been the case for weeks, the day to day changes that we measure have been to the borrowing/closing costs associated with [...]

 Yesterday marked the first day in 2012 where Mortgage Rates increased by any sort of statistically significant amount.  Even so, it was only significant in the context of the recent extreme flatness at all-time lows.  Today’s action was right back to “insignificant,” at least as far as averages are concerned.  Factoring out one notable lender [...]

Mortgage Rates continued a trend of slight, incremental improvements today, meaning that–on average–it’s another record setting day.  As has been the case, there are a few caveats…  First, the improvements have only come in small amounts and only with respect to borrowing costs.  The actual interest rates that constitute the best combination of monthly payment [...]