There was good economic news last week as retail sales increased 1.1% in February, up from 0.2% in January. This was the biggest gain in the retail sales number in five months, but that good news did not stop San Diego Mortgage Rates from improving slightly at the end of last week and Monday morning. […]
Mortgage Rates
The financial reports released last week caused mortgage bonds to fall each day of the week. This caused San Diego Interest Rates to increase to the highest levels in several months. The February Jobs Report showed that 236,000 jobs were created, well above the 165,000 that was expected. Private employers added 246,000 new jobs in […]
Last week’s financial news showed lower incomes, modest spending growth, and little inflation in sight. What does all of this mean for San Diego home loan rates? It means the Federal Reserve will likely continue their Bond purchase program, known as Quantitative Easing (QE) to try to continue to hold mortgage rates low. In fact […]
Last week was packed with reports that caused San Diego Mortgage Rates to improve slightly. All eyes were on the minutes from the Fed’s January meeting of the Federal Open Market Committee. The minutes showed that several Fed members would like to halt the Quantitative Easing program of buying mortgage bonds sooner than originally planned, […]
As I write this post at the end of another beautiful weekend where we experienced 70 and 80 degree weather, it makes me grateful that I am a mortgage broker in San Diego. I wish the rest of my fellow San Diegans a wonderful President’s Day Holiday. You can see in the chart at the […]
This last week showed San Diego Mortgage Rates slightly increase as the mortgage bond market continued to lose ground to money flowing into the stock market. Remember that the bond market and interest rates are inversely related. This week starts off quiet as far as financial reports that could have an impact on San Diego Interest […]
The Federal Housing Finance Agency (FHFA) recently announced increases for their loan Guarantee Fees which will affect most San Diego mortgage interest rates. The FHFA is a federal agency that regulates Fannie Mae and Freddie Mac and sets policy with regards to loans made to people across the country, including those that are working with […]
On September 13 2012, the Federal Reserve announced that it would launch another round of quantitative easing to try and boost the sluggish American economy. Through this program, nicknamed QE3, the Federal Reserve will buy massive amounts of mortgage backed securities well into the future. How will this program affect the bond market and San […]
Although mortgage rates in San Diego are not as low as they were a few weeks ago, they are still incredibly low. As a San Diego Mortgage Broker, I am able to offer a 30 year Fixed Rate on a $320,000 loan amount at rate of 3.5%, 3.55% APR, with no closing costs. That’s right! […]