Great opening in the market today! What can we expect from mortgage rates in the month of March? 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 Tuesday 3-6-2012 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 Monday with an IMPROVEMENT to pricing (and will typically warrant a pricing adjustment by most Lenders). Monday's IMPROVEMENT 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 103.406

Opened Up 0.06 @ 103.500

Key Economic Data:

EUR / USD 1.3122 Down 0.0095
USD / JPY 80.900 Down 0.6500
GBP / USD 1.5768 Down 0.0098

Oil 105.23 Down 1.49

Gold 1,679.60 Down 24.30

Key Economic News:

ICSC Chain Stores

Week-on-week: Actual 1.3%, Last -1.0%.

Year-on-year: Actual 1.7%, Last 2.7%.

Redbook

Week-on-week: Actual 0.1%, Last 1.6%.

Year-on-year: Actual 3.0%, Last 3.4%.

Advice:

With little news for help, and a stronger dollar. I would expect the market to improve.

My position on MBS stays Long.

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

Olivenhain Meeting House in Olivenhain, Encinitas CA

The area of Encinitas known as Olivenhain, famous for its “dark skies’ policy, horses, and large properties on rolling hills on the eastern edge bordering Rancho Santa Fe, was originally founded in 1885 by a group of German immigrants, and named Colony Olivenhain.

Read More:

Olivenhain – Rural Equestrian Residential Community in Encinitas CA

The Olivenhain Meeting House was built in 1895 by Colony Olivenhain and remains today as a popular historic attraction and site of the popular Olivenhain Arts and Crafts Fair, among other events. In the past it was the site of town meetings as well as regular dances.

By the late 1980s the Olivenhain Meeting Hall had fallen into disrepair, and extensive renovations were needed. The Hall was officially placed on the National Register of Historic Places in 1993.

Interested in living in this historic community? Start your search for Olivenhain homes for sale below.

SEARCH FOR HOMES FOR SALE IN OLIVENHAIN

This was not planned yet it led to a lot of fun and excitement.

I was a balloon chasers in Encinitas

Just trying to get a photo of the "PANDA" Balloon with a friend.

We didn't expect the balloon to LAND in the middle Rancho Santa Fe Blvd

then Bump it's way onto the drive way of the house in the background.

While Balloon launches are common place around Encinitas,

landings in the middle fo the Rancho Santa Fe are not.

Just like as in Real Estate

We need to be ready to

bump our way into the driveway.

Barbara Martin Does It Again!
Olivenhain 4 Bedroom Home
SOLD For Full Price

Are you using sign riders on your listings? Barbara Martin did on this 4 bedroom Olivenhain home and it increased her traffic immensely. The sign rider showed a "text for info" number and QR code for this property's individual website.

Contact Kevin Kueneke with Amerifirst Financial to see how he helps his Realtor referral partners sell their California listings fast: www.kevink.amerifirst.us

SOLD FOR FULL PRICE! BARBARA MARTIN DOES IT AGAIN! FROM INITIAL LISTING DATE TO CLOES OF ESCROW IN UNDER 45 DAYS!

Vacation year round in this privately gated Olivenhain resort-style oasis! Features include: LIVING ROOM with French doors & vaulted ceiling, OFFICE with double doors & custom built-ins.

The DINING ROOM of this Olivenhain 4 bedroom home features a cove ceiling, KITCHEN with solid granite countertops, SS appliances, large center island w/5-burner cook top, Bosch double ovens, rich wood cabinets, built-in refrigerator & desk, walk-in pantry and breakfast nook.

FAMILY ROOM with natural stone fireplace, wood mantel, raised hearth & gas logs, MASTER BEDROOM with double entry doors & French doors leading to fabulous yard, natural stone fireplace with mantel, raised hearth & gas logs, walk-in closet and luxurious bath with jetted-tub, separate shower stall and large vanity with two sinks and natural stone countertops.

This property sits on .79 acre in the wonderful established rural community of Olivenhain and enjoys A+ schools and close proximity to upscale shopping, fine restaurants and the beautiful beaches of North County!

Current mortgage rate trends are deteriorating. Europe is a big scare for many investors. Today, in rare fashion both stocks and mortgage bonds suffered a sell off. This put pressure on mortgage rates as they inched higher as money poured into gold. Investors see the European debt crisis hitting their pocketbooks. Although the US isn't affected as much as European countries, when one bank suffers in this global economy the rest follow.

Sorry- no video today. Equipment upgrade in progress.

Mortgage rates could decline in the coming weeks but not by much unless some really bad news hits. US mortgage rates are some of the lowest in our Nation's history so a probability for huge drops is unlikely. What is likely is that with any good news mortgage rates will climb quickly. When I mean quickly, I mean within a day's time. So if you are floating make sure your loan officer is keeping a careful eye on rates to take advantage of any small drops and ready to lock if rates being their ascent.

Now is a great time to buy a home or refinance a home because everyone, including our government is throwing all of their power towards making sure mortgage rates remain low. This won't last forever and world news can change this so don't miss the boat!

Contact us today