When you are in the middle of obtaining a San Diego Mortgage, whether it is for a purchase or refinance, it is important to not take any actions that will jepordise it.  I have seen and heard of many instances over the years where clients are in the middle of a San Diego Home Loan [...]

The fireworks really exploded last week and I am not talking about the Fourth of July.  These fireworks actually occurred the day after in the Mortgage Bond Market due to the jobs report.  Mortgage Bonds lost a staggering 186 points in one day.  This was the largest one day decline ever and San Diego Mortgage […]

Wow!  Mortgage Bonds and therefore San Diego Mortgage Rates, did not have a good week this last week.  Since May 1st, mortgage bonds have dropped an astounding 825 basis points, which has never been seen before.  In just the last 3 days of the week mortgage bonds lost 347 basis points alone.  What caused this […]

I have not posted a San Diego Mortgage Rate update in a few weeks and you may be thinking that it was due to the recent, quick increase in rates, but that is not the case.  I have actually been dealing with being sick for the last few weeks at the same time as being […]

The last 2 weeks have been tough on mortgage bonds and San Diego Mortgage Rates.  After nearing all time lows again a few weeks ago, San Diego Interest Rates have been on a steady incline almost each day.  We have seen mortgage bonds break through all of the major floors of support and they have yet […]

On Friday, the Labor Department reported nonfarm payrolls rose by 165,000 in April, above the 155,000 that was expected. The numbers for February and March were also both revised higher by 114,000, increasing the four-month average to 196,000. This report caused mortgage bonds to sell off and San Diego Mortgage Rates to increase by about […]

Can I Qualify for a Loan Based on my Income? One of the most important steps in being able to determine if you qualify for a San Diego Home Loan is to calculate your debt to income ratio (DTI).  The debt to income ratio tells an underwriter if you earn enough income to be able [...]

Many times buyers will ask me to explain the differences between pre-qualification and pre-approval and which one positions them better to get a San Diego Home Loan for their new home purchase.  I will explain each one below and let you know which one, in the opinion of this San Diego Mortgage Broker, puts you in [...]

San Diego Mortgage Rates improved last week after an up and down cycle the previous week and were able to stabilize at the lows of the year. Last week showed housing starts spike by 7 percent in March to 1.036 million units on an annualized basis, well above the 930,000 expected. This was the largest […]