Pacific Beach, CA

What are San Diego's lowest mortgage rates today? What can we expect from mortgage rates in the 1st quarter of 2012? 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 Friday 1-27-2012 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 Thursday with an IMPROVEMENT to pricing (and will typically warrant a pricing adjustment by most Lenders). Thursday's IMPROVEMENT resulted in a change of 15 basis points (bps).

The following chart shows the market activity for today (hint: upward activity is good, downward activity is bad):

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 103.438

Opened Up 0.18 @ 103.625

Key Economic Data:

EUR / USD 1.3108 Flat
USD / JPY 76.8750 Down 0.5735
GBP / USD 1.5696 Up 0.0006

Oil 99.63 Down 0.07

Gold 1,721.70 Down 8.20

Key Economic News:

Economy Grows 2.8%.

Economy expanded less than forecast in the fourth quarter as consumers reduced savings in order to boost spending and government agencies cut back, validating the Federal Reserve’s decision to keep interest rates low for a longer period. Gross domestic product, the value of all goods and services produced, climbed 2.8% annual following a 1.8% gain in the prior quarter, Commerce Department figures showed today in Washington. Excluding a jump in inventories, growth was 0.8 percent.

Actual: 2.8%, Consensus: 3.0%, Last: 1.8%

Advice:

With Greek debt wrangle that may pull default trigger, and the dollar staying weak should help the market. If market starts to fall, will sell at 103.375 mark.

My position on MBS stays long (Buyer).

Market Analyst: Dan Rawitch

Here is the link to today's video http://ratewatch.com/ratewatchnow.html

GDP was weak..even weaker than reported. Consumer spending not great either. Add to that the belief that Europe does not solve anything this weekend and you have support for this rally. BE CAREFUL thought...the slightest hint of good news in Europe will send this market back to where it started.

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

Wordless Wednesday - Enjoying Pacific Beach

Pacific Beach is a terrific central San Diego community bordered by the majestic Pacific Ocean (amazing sunsets), La Jolla to the north and the Mission Beach jetty along the San Diego River to the south. There is a 3.5 mile long pedestrian (plus bikes, skates, blades and skateboards) next to the beach. Officially it is Ocean Front Walk but many just call it the Boardwalk. Pacific Beach was developed during the booming 1880s.

Here is a photo we snapped of the Boardwalk at Pacific Beach the other day, 80 and sunny in late November! With weather and views like this who needs a sweaty gym?

Confused, overwhelmed, or frustrated with your short sale transaction? Finally, a major lender has created a series of short sale webinars, which you can watch online 24/7 at your convenience. These will help you get a handle on your short sale listings and become familiar with the process -- which will help you get these transactions closed quicker and with less hassle! Here's the email they sent me:

Bank of America has a new solution for busy real estate professionals who'd like to learn more about the short sale process. We've developed a series of five online video guides that pack a lot of information into just 5-6 minutes each. They cover the complete short sale process, from initiation to closing the sale.

To find these informative videos, visit our Agent Resource Center, click on the Short Sale tab and go the Short Sale Videos section of the Education Library.

Video 1: Initiating a Short Sale

Our first video starts at the very beginning, explaining how to:
· Identify if a short sale is the homeowner's best option
· Begin the short sale process by creating an account at Equator.com, the online processing system used by Bank of America
· Determine if a homeowner is eligible for the Home Affordable Foreclosure Alternatives Program (HAFA) and what that may mean for your client

Video 2: Uploading Documents

Once you've initiated a short sale, the next step is to submit an offer and upload the homeowner's supporting documents in Equator.

Our second video explains Document Uploads in the Short Sale Process and reviews key information such as:
· Submitting the offer and required documents
· Uploading the required homeowner hardship documentation
· Storing documents

Yes, it's possible for homeowners to submit documents on their own, but experience shows that more short sales close when the agent handles things.

Video 3: The Short Sale Valuation Process

Take the mystery out of the home-pricing process with this video that reviews key information such as:
· Visuals the valuation vendor will examine
· Agent and homeowner responsibilities
· Reassessment of value

Video 4: Offer Analysis and Investor Decision

A short sale offer must be approved by numerous parties, which may involve negotiations and counter offers. Our fourth video covers key elements of this decision-making process, including:
· Valuation, mortgage insurance, second liens and closing costs
· How to respond to counter offers
· Agent responsibilities during negotiations
· How and when to submit backup offers

Video 5: Closing a Short Sale

By the time you get to the closing phase, you're in the home stretch of a short sale. This video can help it go smoothly with:
· Ways to eliminate closing delays
· How to complete the preliminary closing HUD-1
· When and how to upload final certification documents

The more you know about the short sale process, the more successful you're likely to be for your clients. With short sales gaining a large share of today's market, you can't afford to miss these videos.

Learn more. Visit our Agent Resource Center at bankofamerica.com/realestateagent today, where you'll also find educational guides, news and resources to help you complete a short sale at Bank of America.

South Missin Beach Short Sales – Short Sales In South Mission Beach

Look no further because we have all the right tricks and updated information to find the best home for you. South Mission Beach Short Sales is booming with beautiful homes and low prices. All you have to do is call our Solutions Real Estate agent and we can help you with all your questions.

Short Sales In South Mission Beach has many homes with a variety such as two story homes, homes with a pool, foreclosed homes, and much more. Call us now to get started and search homes to find your dream home.

South Mission Beach Foreclosed Homes

Sail Bay Short Sales - Short Sales In Sail Bay

Sail Bay Short Sales are in high demand because of their low prices, beautiful homes, and outstanding attractions. Sail Bay has an atmosphere suitable for all ages this is the perfect place for you. We have something for everyone from a variety of homes to wonderful beaches and shopping, don’t search any further call us now!

Looking for your next home is easy with our agent, we have quality information and all the right tricks to make purchasing your heavenly home easy. Not sure what you are looking for or need more assistance? Simply search Short Sales In Sail Bay for buyer and seller tips, school information, and a list of amazing properties specifically for you and your needs.

Search all Sail Bay Foreclosed Homes