Rancho Bernardo, CA Real Estate News

By Jason E. Gordon, Sr Loan Officer, CMA, CMPS, CDLP, CDRE, RCSD, CDPE
(AmeriFirst Financial Inc, San Diego, CA)
Although pricing opened today with a slight improvement over Friday's close, a mid-day "worsening" to pricing was published from Banks across the country this afternoon. On average, pricing got 0.125 - 0.250 worse to the points/credits for each interest rate. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given day. Feel free to browse the library and research historical rate updates dating back over 2 years at www.JasonGordon.info whenever desired.  To make things easier, I have also posted a quick report on How To Read The Charts Below. Also, make sure to learn THE TOP 10 THINGS TO KNOW ABOUT MORTGAGE RATES (...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
MORTGAGE INTEREST RATE LOCK ADVISORY September 19 2013  :3:00 PM PST  Click for Updated Lock Advice    LOCK ADVISORY 7 Day Mortgage Interest Rate lock or Float Advice:LOCK The cost for a 4.00% rate based on Mortgage Backed Securities is up 0.22 point Rates look like they will continue up for the foreseeable future. Lock on any improvement 30 Day Mortgage Interest Rate Lock or Float Advice:  LOCK    MARKET INDICATORS     National Average for 30-Yr Fixed Mortgage Rate is down 0.07% to 4.50% on Sept. 19,. MBS (4%) - Closed at:  103.92, High: 104.24, Low: 103.89 DJI Stocks closed at $15,636.55,  Down $-40.39, Change -0.258% Asian & European Stock Market Indexes changed 1.214% Crude Oil (WTI) Closed at $106.39 - Change -1.55% Gold 1 Once - $1,365.04 REAL ESTATE & MORTGAGE NEWS Rates Plummet...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
MORTGAGE INTEREST RATE LOCK ADVISORY September 17 2013  :6:45 AM PST  Click for Updated Lock Advice    LOCK ADVISORY 7 Day Mortgage Interest Rate lock or Float Advice:LOCK The cost for a 4.00% rate based on Mortgage Backed Securities is down 0.11 point Rates look like they will continue up for the foreseeable future. Lock on any improvement 30 Day Mortgage Interest Rate Lock or Float Advice:  LOCK    MARKET INDICATORS     National Average for 30-Yr Fixed Mortgage Rate is unchanged at 4.57% on Sept. 12,. MBS (4%) - Currently 102.99, High: 103.05, Low: 102.87 DJI Stocks currently $15,529.51, Up $34.73, Change 0.224% Asian & European Stock Market Indexes changed -0.279% Crude Oil (WTI) Currently $105.73 - Change -0.81% Gold 1 Once - $1,313.35   REAL ESTATE & MORTGAGE NEWS Home Prices Up 0...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
HOME LOAN INTEREST RATE ADVISORY  This page was updated September 16, 2013, 12:15 PM PST   Lock Advice is Updated Several Times Daily   LOCK ADVISORY      7 Day Close Mortgage Interest Rate lock or Float Advice:  LOCK           The cost for a 4.00% rate based on Mortgage Backed Securities is down 0.24 point       30 Day Close Mortgage Interest Rate Lock or Float Advice:  LOCK           Lock on any market improvement, the rate trend will be up for the rest of the year.    MORTGAGE MARKET INDICATORS National Average for 30-Yr Fixed Mortgage Rate is unchanged at 4.57% on Sept. 12,. MBS (4%) - Currently  102.9, High: 103.41, Low: 102.66 DJI Stocks currently $15,497.70,  Up $121.64, Change 0.785% Asian & European Stock Market Indexes changed 0.556% Crude Oil (WTI) Currently $106.36 - Change ...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
MORTGAGE INTEREST RATE LOCK ADVISORY September 12 2013  :6:45 AM PST  Click for Updated Lock Advice    LOCK ADVISORY 7 Day Mortgage Interest Rate lock or Float Advice:FLOAT The cost for a 4.00% rate based on Mortgage Backed Securities is down 0.18 point Rates look like they will continue up for the foreseeable future. Lock on any improvement 30 Day Mortgage Interest Rate Lock or Float Advice:  LOCK    MARKET INDICATORS     National Average for 30-Yr Fixed Mortgage Rate is up 0.06% to 4.57% on Sept. 5,. MBS (4%) - Currently 102.58, High: 102.59, Low: 101.41 DJI Stocks currently $15,330.71, Up $4.11, Change 0.027% Asian & European Stock Market Indexes changed -0.045% Crude Oil (WTI) Currently $108.51 - Change 0.88% Gold 1 Once - $1,331.60  MORTGAGE and REAL ESTATE NEWS   The Moron Quorum...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
MORTGAGE INTEREST RATE LOCK ADVISORY August 29, 2013  :6:30 AM PST  Click for Updated Lock Advice    LOCK ADVISORY 7 Day Mortgage Interest Rate lock or Float Advice: LOCK The cost for a 4.00% rate based on Mortgage Backed Securities is up  0.24 point Rates look like they will continue up for the foreseeable future. Lock on any improvement 30 Day Mortgage Interest Rate Lock or Float Advice:  LOCK    MARKET INDICATORS     National Average for 30-Yr Fixed Mortgage Rate is up 0.18% to 4.58% on August 22,. MBS (4%) Currently 102.89, High: 103.12, Low: 102.8  DJI Stocks currently $14,816.60, Down $-7.91, Change -0.053% Asian & European Stock Market Indexes changed 0.248% Crude Oil (WTI) Currently $109.76 - Change -0.31% Gold 1 Once - $1,409.63   MORTGAGE and REAL ESTATE NEWS         Coming C...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
Shopping for a Mortgage In Rancho Bernardo? Allow Experience to be your advantage Enjoy a full selection of mortgage products at very competitive rates. Bill Ladewig is a mortgage broker based in the San Diego suburb of Rancho Bernardo, just south of Escondido, California and assists Realtors throughout California to find the most effective financing for their clients. Bill has been in the mortgage industry since 1970 as a loan originator, branch manager, owner and mortgage instructor.  During this time he has originated and closed several thousand home loans and Hundreds of loan officers and real estate agents have attended his classes. Bill also publishes a free Rate Lock Advisory every morning.  The Rate Lock Advisor arrives before 7:00 AM PT and also provides a brief rate advisory a...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
MORTGAGE INTEREST RATE LOCK ADVISORY August 19, 2013  :9:00 AM PST  Click for Updated Lock Advice    LOCK ADVISORY 7 Day Mortgage Interest Rate lock or Float Advice: LOCK The cost for a 3.50% rate based on Mortgage Backed Securities is up 0.41 point MBS Market is deteriorating.  Look for mid-morning price changes for worse Rates look like they will continue up for the foreseeable future. Lock on any improvement 30 Day Mortgage Interest Rate Lock or Float Advice:  LOCK    MARKET INDICATORS     National Average for 30-Yr Fixed Mortgage Rate is unchanged at 4.40% on August 15,. MBS (3.5%) - 98.7, High: 99.12, Low: 98.7 DJI Stocks currently $15,058.85,  Down $-22.62, Change -0.15% Asian & European Stock Market Indexes changed -0.99% Crude Oil (WTI) Currently $107.13 - Change -0.31% Gold 1 ...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
MORTGAGE INTEREST RATE LOCK ADVISORY August 15, 2013  :3:30 PM PST  Click for Updated Lock Advice    LOCK ADVISORY      7 Day Close Mortgage Interest Rate lock or Float Advice:  LOCK           The cost for a 3.50% rate based on Mortgage Backed Securities is up 0.59 point.             Wild ride today.  prices for rates were up and down and up..           30 Day Close Mortgage Interest Rate Lock or Float Advice:  LOCK           Lock on any market improvement the rate trend will be up for the rest of the year.    MORTGAGE MARKET INDICATORS National Average for 30-Yr Fixed Mortgage Rate is unchanged at 4.40% on August 15,. MBS (3.5%) - 99.59, High: 100.07, Low: 99.28 DJI Stocks closed at $15,112.19,  Down $-225.47, Change -1.492% Asian & European Stock Market Indexes changed -0.844% Crude ...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
MORTGAGE INTEREST RATE LOCK ADVISORY August 14, 2013  :9:00 AM PST  Click for Updated Lock Advice    LOCK ADVISORY 7 Day Mortgage Interest Rate lock or Float Advice: LOCK The cost for a 3.50% rate based on Mortgage Backed Securities is down 0.21 point Rates look like they will continue up for the foreseeable future. Lock on any improvement 30 Day Mortgage Interest Rate Lock or Float Advice:  LOCK    MARKET INDICATORS     National Average for 30-Yr Fixed Mortgage Rate is up to 4.40% on August 8,. MBS (3.5%) Currently  100.19, High: 100.23, Low: 99.97 DJI Stocks currently $15,372.68,  Down $-78.33, Change -0.51% Asian & European Stock Market Indexes changed 0.561% Crude Oil (WTI) Currently $106.08 - Change -0.7% Gold 1 Once - $1,331.75 MORTGAGE and REAL ESTATE NEWS         Major lender u...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
MORTGAGE INTEREST RATE LOCK ADVISORY August 6, 2013  :1:25: PM PST  Click for Updated Lock Advice    LOCK ADVISORY 7 Day Mortgage Interest Rate lock or Float Advice: LOCK The cost for a 3.50% rate based on Mortgage Backed Securities is up 0.14 point Lock on any improvement 30 Day Mortgage Interest Rate Lock or Float Advice:  LOCK    MARKET INDICATORS     National Average for 30-Yr Fixed Mortgage Rate is up to 4.39% on August 1,. MBS (3.5%) Currently  100.65, High: 100.85, Low: 100.51 DJI Stocks closed at $15,518.74,  Down $-93.39, Change -0.602% Asian & European Stock Market Indexes changed 0.019% Crude Oil (WTI) Currently $105.42 - Change -1.07% Gold 1 Once - $1,383.90 MORTGAGE and REAL ESTATE NEWS       BofA Preps for Storm of Litigation  By Robert Ottone - Charlotte, N.C.'s Bank of ...
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By Jason E. Gordon, Sr Loan Officer, CMA, CMPS, CDLP, CDRE, RCSD, CDPE
(AmeriFirst Financial Inc, San Diego, CA)
The ISM Services Index came in stronger than expected, hurting Mortgage Backed Securities. No further economic data will be released today.  This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given day. Feel free to browse the library and research historical rate updates dating back over 2 years at www.JasonGordon.info whenever desired.  To make things easier, I have also posted a quick report on How To Read The Charts Below. Also, make sure to learn THE TOP 10 THINGS TO KNOW ABOUT MORTGAGE RATES (to help understand the relationship between rates & fees/credits) along with THE TRUTH BEHIND MORTGAGE QUOTES (to bette...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
MORTGAGE INTEREST RATE LOCK ADVISORY August 5, 2013  :3:45: PM PST  Click for Updated Lock Advice    LOCK ADVISORY 7 Day Mortgage Interest Rate lock or Float Advice: LOCK The cost for a 3.50% rate based on Mortgage Backed Securities is up 0.14 point. Lock on any improvement 30 Day Mortgage Interest Rate Lock or Float Advice:  LOCK    MARKET INDICATORS     National Average for 30-Yr Fixed Mortgage Rate is up to 4.39% on August 1,. MBS (3.5%) Closed at:  100.79, High: 100.94, Low: 99.68 DJI Stocks closed at $15,612.13,  Down $-46.23, Change -0.296% Asian & European Stock Market Indexes changed -0.417% Crude Oil (WTI) Closed at $106.53 - Change -0.03% Gold 1 Once - $1,303.00 MORTGAGE and REAL ESTATE NEWS      Survey: Move-Up Buyers Nearly Ready to Take Action By Tory Barringer - The lates...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
MORTGAGE INTEREST RATE LOCK ADVISORY August 2, 2013  :12:30 PM PST  Click for Updated Lock Advice    LOCK ADVISORY 7 Day Mortgage Interest Rate lock or Float Advice: LOCK The cost for a 3.50% rate based on Mortgage Backed Securities is down 0.94 point. Lock on any improvement 30 Day Mortgage Interest Rate Lock or Float Advice:  LOCK    MARKET INDICATORS     National Average for 30-Yr Fixed Mortgage Rate is up to 4.39% on August 1,. MBS (3.5%) Currently  100.85, High: 100.89, Low: 99.7   DJI Stocks currently $15,631.98,  Up $3.96, Change 0.025%   Asian & European Stock Market Indexes changed 0.945%   Crude Oil (WTI) Currently $106.70 - Change -1.1%   Gold 1 Once - $1,307.90 MORTGAGE and REAL ESTATE NEWS     DOJ to file civil charges against BofA   By Kerri Ann Panchuk - Bank of America'...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
MORTGAGE INTEREST RATE LOCK ADVISORY July 30, 2013  :3:00 AM PST  Click for Updated Lock Advice    LOCK ADVISORY 7 Day Mortgage Interest Rate lock or Float Advice: LOCK The cost for a 4.00% rate based on Mortgage Backed Securities is up 0.18 point. 30 Day Mortgage Interest Rate Lock or Float Advice:  LOCK    MARKET INDICATORS     National Average for 30-Yr Fixed Mortgage Rate declined to 4.31% on July 25. MBS (3.5%) Currently  100.62, High: 101.75, Low: 100.62 DJI Stocks currently $15,532.49,  Up $10.52, Change 0.068% Asian & European Stock Market Indexes changed 1.005% Crude Oil (WTI) Currently $103.09 - Change -1.4% Gold 1 Once - $1,323.34 MORTGAGE and REAL ESTATE NEWS    Rising Rates Begin to Impact Pending Home Sales in June After reaching the highest level in over six years, pendi...
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By Bill Ladewig, Experience Is Your Advantage
(LoanOfficerSchool.com)
MORTGAGE INTEREST RATE LOCK ADVISORY July 30, 2013  :9:45 AM PST  Click for Updated Lock Advice    LOCK ADVISORY 7 Day Mortgage Interest Rate lock or Float Advice: LOCK The cost for a 4.00% rate based on Mortgage Backed Securities is up 0.13 point. 30 Day Mortgage Interest Rate Lock or Float Advice:  LOCK    MARKET INDICATORS     National Average for 30-Yr Fixed Mortgage Rate declined to 4.31% on July 25. MBS (3.5%) Currently  100.62, High: 101.75, Low: 100.62 DJI Stocks currently $15,532.49,  Up $10.52, Change 0.068% Asian & European Stock Market Indexes changed 1.005% Crude Oil (WTI) Currently $103.09 - Change -1.4% Gold 1 Once - $1,323.34 MORTGAGE and REAL ESTATE NEWS    Rising Rates Begin to Impact Pending Home Sales in June After reaching the highest level in over six years, pendi...
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By Jason E. Gordon, Sr Loan Officer, CMA, CMPS, CDLP, CDRE, RCSD, CDPE
(AmeriFirst Financial Inc, San Diego, CA)
Mixed news this morning creates speculation over the direction interest rates will trend today. On a "good news for rates" perspective, Consumer Confidence has come in slightly lower than anticipated.  On a "bad news for rates" perspective however, the Case Shiller Index numbers came in favorably. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given day. Feel free to browse the library and research historical rate updates dating back over 2 years at www.JasonGordon.info whenever desired.  To make things easier, I have also posted a quick report on How To Read The Charts Below. Also, make sure to learn THE TOP 1...
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By Bill Ladewig, Exclusive Buyer Agent
(One @ Done Exclusive Buyer Agent)
Americans Gambling on Rates With Most ARMs Since 2008 By Kathleen M. Howley & Prashant Gopal - Jung Lim plans to offset the cost of rising mortgage rates by using an adjustable-rate loan to buy a home for his expanding family. For the California endodontist, the money he'll save makes up for the ARM's risky reputation.Lim, 38, whose wife is expecting a second child in December, is leaving a two-bedroom condo in Los Angeles's Hancock Park to buy a four-bedroom house in the city's Sherman Oaks neighborhood for $1.12 million. His lender offered him a rate for an adjustable mortgage that is about a percentage point cheaper than a fixed loan. >>Read More in Bloomberg     MORTGAGE INTEREST RATE LOCK ADVISORY July 29, 2013  :8:00 AM PST  Click for Updated Lock Advice    What happened last wee...
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By Bill Ladewig, Exclusive Buyer Agent
(One @ Done Exclusive Buyer Agent)
MORTGAGE & REAL ESTATE NEWS      House-flipping is back, flourishing againBy: Diana Olick - For the past several years single-family housing investors have been playing the buy and hold game. Strong rental demand and soft home prices made that the best bet. Now, with home prices up more than 12 percent from a year ago, the strategy is suddenly changing. >>Read More CNBC           MORTGAGE INTEREST RATE LOCK ADVISORY July 26, 2013  :1:15 PM PST  Click for Updated Lock Advice    LOCK ADVISORY 7 Day Mortgage Interest Rate lock or Float Advice: LOCK The cost for a 4.00% rate based on Mortgage Backed Securities is down 0.14 point. 30 Day Mortgage Interest Rate Lock or Float Advice:  LOCK    MARKET INDICATORS     National Average for 30-Yr Fixed Mortgage Rate declined to 4.31% on July 25. MBS...
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By Bill Ladewig, Exclusive Buyer Agent
(One @ Done Exclusive Buyer Agent)
REAL ESTATE & MORTGAGE NEWS    'Missing households' represent big source of pent-up demand  Trulia estimates backlog in household formation at 2.4 millionBy Paul Hagey - Household formation, especially among young adults between 18 and 34 years old, lags far behind historical norms but will bounce back slowly in the years ahead, according to a recent analysis by Trulia Chief Economist Jed Kolko.Before the housing bust, an average of 1.1 million households - defined as one or more people who live in the same home - were formed each year in the U.S. >>Read More Inman News     MORTGAGE INTEREST RATE LOCK ADVISORY July 25, 2013  :12:30 PM PST  Click for Updated Lock Advice    LOCK ADVISORY 7 Day Mortgage Interest Rate lock or Float Advice: LOCK The cost for a 4.00% rate based on Mortgage B...
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