Valley Center, CA

What can we expect from mortgage rates for the rest of the quarter? 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 3-8-2012 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 NEUTRAL RESULT to pricing (and will typically warrant a pricing adjustment by most Lenders). Wednesday's NEUTRAL RESULT resulted in a change of 0 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

	Prev Close	Open	Change
3.0 Cpn	100.9063	100.9219	0.01563
3.5 Cpn	103.5313	103.5781	0.46880
4.0 Cpn	105.2813	105.3215	0.03125

Key Economic Data:

	Prev Close	Open	Change
EUR/USD	1.3146	1.3229	0.0081
GBP/USD	1.5740	1.5782	0.0041
USD/JPY	81.080	81.490	0.0400

Gold	1683.30	1695.00	11.70
Oil	106.16	106.320	0.16

Key Economic News:

Challenger Layoffs for Feb: Actual 51.7k, Last 53.5k.

Unemployment

Initial jobless claims: Actual 362k, Consensus 351k, Last 351k.

Jobless claims 4-week average: Actual 355.0k, Last 354.0k.

Continued jobless claims: Actual 3.416m, Consensus 3.400m, Last 3.402m.

Advice:

With unemployment numbers sliding from last week, and the Dollar gaining against major currencies. 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

Valley Center, located in North San Diego County, is a community in transition from a small rural town to a suburban “bedroom” community. Valley Center is known for its rural footprint, and there are many farms, horse ranches and expansive agricultural lots in the community. Valley Center is also known for being home of two casinos and the world famous Bates Nut Farm.

Valley Center also has a feeling of tranquility and quiet. With its open mountainous views are far as the eye can see, residents feel the beauty of nature just a hop, skip and a jump from the modern conveniences of the suburbs.

Valley Center consists of all sorts of custom homes that are architectural delights—with large open floor plans, unique kitchens, and one-of-a-kind backyard landscaping.

Check out the video below. Then, if you are interested in taking a tour of Valley Center, or any of the other lovely communities in San Marcos, Escondido and beyond, please do not hesitate to contact my office.

Did you like the video? Want to see all the homes for sale in Valley Center (updated every two hours)? Bookmark this page or save it to your favorites, and check ‘em, out below.

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

Experience AND new ideas count when helping you close your FHA Home Loan in Valley Center 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 Valley Center, CA's most reliable team for getting your FHA Home Loan for Valley Center, CA.

REMEMBER: FHA HOME LOANS IN VALLEY CENTER AVAILABLE FINANCING UP TO LOAN AMOUNTS OF $697,500. INQUIRE WITHIN!

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

Valley Center FHA Loans, San Diego County CA

Start a new Christmas tradition at Bates Nut Farm with "Christmas in the Valley," which will be held from Friday December 9th and Saturday, December 10th, 2011. There will be a tree-lighting ceremony and Stan's arrival. Both Friday and Saturday will feature live entertainment a live Nativity, Christmas carols and a Polar Express hayride to visit Santa all free of charge.

While enjoying the festivities, barbecue and tacos will be available for purchase as well as popcorn and hot chocolate. There also will be crafts, storytelling and more holiday fun. Hours are from 4PM, to 8PM, the Polar Express hayride will run from 5:30PM, to 7:30PM, address is 15954 Woods Valley Road, Valley Center, California.

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Are you looking for a Zero Down home loan in Valley Center CA? USDA home loans require no money down and closing costs can be paid by the seller making USDA home loans a great alternative to FHA financing. The program is available for properties considered to be in a rural area such as Valley Center, California. There are many benefits to USDA Home Loans which buyers should be aware of while considering their financing options.

The USDA home loan is a true zero down payment program. In addition, USDA home loans have no mortgage insurance which can result in substantial savings when comparing USDA home loans to FHA home loans:

USDA vs FHA $250,000 Sales price30 Year Fixed 4.25%

	USDA	FHA
Down payment	$0	$8,750
Loan amount	$250,000	$241,250
Funding Fee/UFMIP	$5000	$2412
Total Loan	$255,000	$243,662
Principal and Interest	$1254.45	$1198.67
Monthly Mortgage Ins	$62.50	$233.51
Property Taxes	$260.42	$260.42
Property Insurance	$65	$65
Total payment	$1,642.37	$1757.60

Another benefit to the USDA home loans is that it allows for closing costs to be paid in two different ways. The easiest way is to have the seller pay the closing costs. USDA home loans allow for the seller to pay up to 6% of the sales price towards closing costs. There is another way to pay closing costs. If the appraisal on the property comes in higher than the sales price, then you can finance them into the loan amount. Either way is acceptable but in today's market, having the seller pay for closing costs is not uncommon.

Some other key features of USDA home loans are as follows.

• You do NOT need to be a first time home buyer.
• There are no sales price or loan limits when considering a property. Although certain properties are not allowed such as one's with second structures such as barns or granny flats. However, the program requires each property to be in a rural area. It is best to contact me to see if the property that you are considering is in a qualified area.

One caveat to USDA home loans is that it does have very specific income limits base upon family size for each county. However, the income limits are fairly high and generally do not limit one's ability to purchase. For USDA home loans in Valley Center California, contact me directly via email for income limits.

If you are considering purchasing a home consider USDA home loans in Valley Center, California. Contact me directly so we can review your qualifications and USDA home loans in greater detail. I'm sure that you will agree that this is a great program for those of you considering purchasing in a rural area.