Vista, CA

What are San Diego's lowest mortgage rates today? What can we expect from mortgage rates for the remainder of February? All Real Estate Professionals & Consumers are advised to stay informed about interest rates and learn THE TRUTH BEHIND MORTGAGE QUOTES to insure the best financial decisions are being made without the distraction of marketing gimmicks. Whether you're a newbee, market analyst (or somewhere in between), keep yourself informed of where mortgage interest rates are going (and why) by subscribing to this daily update.

The Mortgage Street Smarts of where mortgage interest rates are going (and why):

The following information is current as of Thursday 2-16-2012 and will help you understand todays best mortgage rates. If you are a Buyer/Borrower who is still on the fence (or if you are a Real Estate Agent attempting to educate your "on the fence" Buyer), please review these trends and secure an historically low interest rate before it is too late.

The market closed Wednesday with a WORSENING to pricing (and will typically warrant a pricing adjustment by most Lenders). Wednesday's WORSENING resulted in a change of 3 basis points (bps).

(hint: upward activity is good, downward activity is bad)

The following chart shows the market activity for today:

The following chart shows market activity over the past 10 days (hint: green is good, red is bad):

The following chart shows market activity over the past 1 month:

Daily Interest Rate Snapshot (sample of rates from one of the country's largest Lenders...individual pricing will vary based on specific Borrower qualifications): NOTE: This Lender has quoted a 1.00% Origination Fee (1 Point) to accompany this pricing. It bears noting that this chart does not necessarily represent todays best mortgage rates.

Market Commentary

Analyst: Neil Trenerry

FNMA 30-Yr 3.5%

Previous close 103.750

Opened Down 0.125 @ 103.625

Key Economic Data:

EUR / USD 1.3027 Down 0.0039
USD / JPY 78.9300 Up 0.4900
GBP / USD 1.5694 Up 0.0001

Oil 101.59 Down 0.21

Gold 1,715.20 Down 12.90

Key Economic News:

Housing for Jan

Starts month-on-month: Actual 0.699mm, Consensus 0.675mm, Last 0.657mm.

Building permits month-on-month: Actual 0.676mm, Consensus 0.680mm, Last 0.671mm.

Unemployment.

Initial jobless claims: Actual 348k, Consensus 365k, Last 358k.

Continued jobless claims: Actual 3.426mm, Consensus 3.500mm, Last 3.515mm.

Producer Prices Index for Jan

Core month-on-month: Actual +0.4%, Consensus +0.2%, Last +0.3%.

Core year-on-year: Actual +3.0%, Consensus +2.7%, Last +4.8.

Inflation year-on-year: Actual +4.1%, Consensus +4.2%, Last 4.8%.

7:00est Philly Fed business index for Feb

Consensus 9.5, Last 7.3.

Advice:

With housing and unemployment numbers improving, but PPI coming in higher. I feel with concerns for Greece still lingering, we will see a flat to weaker market today.

My position on MBS stays neutral.

Trusted Industry Advisor

The above information was compiled and distributed by San Diego Residential Mortgage Specialist, Jason E Gordon. As a Certified Mortgage Planning Specialist (CMPS) Certified Distressed Property Expert (CDPE) and Certified Mortgage Coach (CMC), Jason E Gordon utilizes his advanced training to examine a prospective Client's complete financial picture, while carefully listening to their overall goals. If it is mutually agreed that a new loan makes sense to pursue, Jason strives to make the entire loan process as seamless as possible. He truly believes that providing open communication and patient educational guidance to his Clients and Business Alliances has been a pivotal component to building his business, while enhancing his reputation in the Mortgage Industry as a Trusted Advisor. Visit www.jasonegordon.com or www.ApprovingSD.com or more information.

Click here for daily mortgage interest rate updates and projections for San Diego's lowest mortgage rates

Borrego Springs, California Real Estate is Hot!

Borrego Springs was one of the area in the region to gain the most ground in single-family resales from 2010 to 2011 rising from 70 to 102 or almost 46 percent. On the flip side median price for a single-family home in Borrego Springs fell nearly 21 percent to $128,000. The price-sales dynamic may be explained by the fact that the area is a favorite among cash buyers and investors. Another hot spot in single-family resales was east Vista, California -where sales increased from 311 in 2010 to 370 in 2011. That's a 19 percent jump.

The median price for a single-family home in Vista, California fell 7.8 percent last year.

This information is courtesy of Crescent Moon Realty, Inc.

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St. Patrick's Day Event Set For The City of Vista, California!

The City of Vista, California is organizing a business promotion for downtown Vista, California to celebrate
its first upcoming St. Patrick's Day event. The hope is to attract residents and businesses from through out North San Diego County. It's and Irish day and everybody wants to be Irish for one day. The main point is to encourage --- people to come visit our downtown or our businesses. The event will feature a parade with opening ceremonies set for 10A.M., March 17 and a festival set to run from 10:30A.M., to 4 P.M.

Awards will be given away for the best costume, best 30 second entertainment performance and the best Irish-theme parade entry. A standard parade entry cost $35.00 --charges for vending space range from $25.00 for a non-profit to $200 for a corporate vendor.

This information is offered by Crescent Moon Realty, Inc.

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FOR PREQUALIFYING, PLEASE CONTACT CARL KAHN 760-504-3655

FHA Refinance In Vista CA With No Appraisal or Income Documentation...even if you are upside down! Your credit must still be good (minimum credit score of 640) and no mortgage lates in the last 12 months are allowed.

If you are shopping for an FHA Refinance Loan for Vista, CA let over 19 years of experience work for you.

Experience AND new ideas count when helping you close your FHA Home Loan in Vista CA. For your next home purchase or refinance consider Kevin Kueneke.

Kevin has closed over 2,500 closed loans in just over 19 years of experience, certified continuing education trainer teaching Realtors and Lenders about FHA and VA loans, and a proven track record of excellent customer service.

Your FHA home loan mortgage professional needs to be backed by one of the nations most well respected mortgage banking firms, AmeriFirst Financial. With a combination of years of experience, plenty of proof handling tough situations under pressure, and the finest company in the country you get a dream team working for you.

For your best rate, lowest costs and guaranteed closing times call on Vista CA's most reliable team for getting your FHA Home Loan for Vista CA.

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FHA STREAMLINE REFINANCE AVAILABLE WITH NO INCOME DOCUMENTATION AND NO APPRAISAL!

Vista CA FHA Loans, San Diego County CA