San Diego Mortgage Group

Mortgage Rates are steady to slightly improved today following as Europe’s fiscal woes continue providing downward pressure on US interest rates.  The forces at work keeping rates low were joined today by “minutes” from the most recent FOMC meeting.  All told, several notable lenders are offering their all-time lowest interest rates while others remain close.   [...]

Mortgage Rates paused their recent trend of moderate improvement today to hold steady near all-time lows.   Despite an abundance of domestic economic data out this morning, rates continue to be indirectly fueled by political and economic turmoil in the Euro-zone. After failing to form a new government, Greece today announced it would hold new elections.  Investors fear [...]

Mortgage Rates continued a recent trend of moderate improvement fueled indirectly by political turmoil in Europe.  The gains bring rates in line with all-time lows with some lenders priced slightly better and some priced slightly worse than than February’s record offerings.  The current rate environment is causing the longstanding “wall” at 3.875% to begin to crack. [...]

Mortgage Rates improved moderately today as European turmoil continues to benefit domestic interest rates.  Yesterday’s late news of a $2 bln trading loss at JP Morgan also contributed to the overnight gains in broader bond markets, but it has been lingering uncertainty about the European situation that allows rates markets to hold steady at lower levels. [...]

Mortgage Rates were generally unchanged today, keeping them near their recent and all-time lows.  Lately, mortgage rates have been holding increasingly steady despite fluctuations in US Treasuries.  That’s mostly been a frustration for rate watchers who’ve seen Treasuries creep lower while mortgage rates have not.  But the tables turned today as Treasuries moved back in [...]

Mortgages rates held steady for the most part today, despite relatively volatile movements in underlying markets.  Actually, the bond markets of which mortgage rates are a part, were not nearly as volatile as stock markets, although both sides were keen to react to European headlines more so than today’s anticipated event, the 10yr Treasury Auction. The [...]

Mortgages rates were able to scrape together some minor improvements today but continue to have an exceedingly tough time keeping pace with the rest of the interest rate world.  Slow-going gains aside, rates are still chipping away at some of their best levels of all-time.  We’re now getting into territory where only a few days in [...]

Mortgages rates were able to scrape together some minor improvements today but continue to have an exceedingly tough time keeping pace with the rest of the interest rate world.  Slow-going gains aside, rates are still chipping away at some of their best levels of all-time.  We’re now getting into territory where only a few days in [...]

Mortgages rates continue to operate at their best levels since early February following Friday’s weaker-than-expected Employment Situation report.  There was effectively no change in most lenders’ rate sheet offerings versus Friday morning’s rates.  Even last week, there were no dramatic movements into the Employment Report, but more of a steady march toward historical lows. This naturally leaves [...]

Mortgages rates are at their best levels since early February following today’s weaker-than-expected Employment Situation report.  The improvement was moderate versus yesterday’s offerings and the 30yr Fixed Conventional Best-Execution Rate remains unchanged at 3.875%.  That means that today’s improvements would be seen in the form of lower borrowing costs or additional lender credit.  (read more about Best-Execution [...]