Tag Archives: Guaranteed Rate Mortgage

Phenomenal Mortgage Rates for Silicon Valley Oct 10_2014

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Courtesy Tony Guaraldi, VP of Mortgage Lending Guaranteed Rate Mortgage

As you can see from the graph below Mortgage bonds are at their best levels in the past 12 months!  This means most lenders rate sheets will be at their best levels of the year right now.  Good time to take advantage of a refi for anyone who never got around to getting it done in the last cycle, those now enable to do so due to rising home values, or people getting towards the end of their ARM loans.

CLICK HERE for the Oct. 10, 2014 Mortgage Rate Sheet. Continue reading →

Mortgage Rates May 9_2014 in Silicon Valley

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Courtesy Tony Guaraldi, VP of Mortgage Lending Guaranteed Rate Mortgage

CLICK HERE for the current Friday Mortgage Rate Sheet effective May 9, 2014.

As we had hoped Bonds continued to climb for most of the week.  As you can see from the below Bond prices are at their peak for 2014 which means rates are among the best available this year so far.  Continue reading →

Silicon Valley Mortgage Update_March 8, 2014

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Courtesy Tony Guaraldi, VP of Mortgage Lending Guaranteed Rate

Welcome to our Friday update. The Jobs report for February is out and it beat expectations coming in at 175,000 jobs created above expectations of 150,000.  Additionally there were upward revisions from the past two months reports of 25,000 additional jobs created.

CLICK HERE for the current mortgage rate sheet. Continue reading →

Mortgage Lending Changes and Rates – Jan. 10, 2014

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Courtesy Tony Guaraldi, VP of Mortgage Lending Guaranteed Rate Mortgage

Holly Guacamole!  We unexpected got a lousy jobs report this morning and Mortgage Bonds are the beneficiary!  The Bureau of Labor Statics reported the economy created 74,000 jobs missing huge on the forecasts that predicted a range of 200k to 250k jobs! For comparison the number for October was 200k created and November was 241k created so this was really out of left field!  The Jobs Report each month is always the biggest market mover and again its tied to Fed stimulus right now so reactions to the news are exacerbated for Mortgage Bonds.  You can see the large green box on the right of the chart below showing the bond market rally today but you can also see we are a long ways off from where rates were in Mid-November.  We will enjoy the improvement for now and continue to watch it as we still have some room to run before hitting resistance.  Hopefully we can hold onto these gains today as its typically a volatile day after the jobs report like this!

CLICK HERE for the January 10, 2014 Guaranteed Mortgage Rate Sheet  Continue reading →