Scott Storace - Branch Manager, 100 Pacifica Drive Ste. 140, Irvine CA 92618 NMLS #226339 949.973.0141

"From the minute you call me to the minute we close, I have your back. No hassles, no banker’s hours & quick response times." - Scott Storace

  • Home Loans up to $3,000,000
  • Interest Rate Float Down Option
 

Have Questions? Call 949.973.0141

Market Updates Category

This is where you’ll find current market data. When news and reports are affecting the mortgage industry and interest rates you’ll find that infomration in this category.

Interest Rates Hit New Low – Avg 30 Yr. Fixed at 3.56%

Link to Interest Rates Hit New Low – Avg 30 Yr. Fixed at 3.56%   My Crystal Ball May Be Broken But Interest Rates Aren’t! MORTGAGE INTEREST RATES ARE PHENOMENAL According to Freddie Mac, interest rates for 30 year fixed mortgages hit a new low this week. The weekly survey shows a .06% drop from the previous week’s national average of 3.62%. There has been a steady drop in rates since the week of March 22nd. That’s when...[...]

Interest Rates Report 7/6/12: Lacking Economic Confidence?

This mortgage market report will provide the data and insight from trading on Wall Street. Interest rates are derived from the yield on mortgage backed securities (bonds). When the pricing of mortgage backed securities (MBS) goes up you can expect lower interest rates. When MBS pricing goes down, expect higher pricing on interest rates for home mortgages. June Employment...[...]

Bottoming Out? Report On Home Prices

Link to Bottoming Out? Report On Home Prices The bottom in home prices we’ve been looking for may finally be here.  Case-Shiller reported earlier today that home prices for April increased in 17 of 20 major cities.  Only Detroit spit the bit, falling 2.1% while Boston and NY took a seasonally adjusted nick of .1%.  Year on year the index improved from -2.6% to -1.9%, good news for us in the housing industry (see chart...[...]

Mortgage Market Report 6/18/12: The Impact of Greek Elections

This mortgage market report will provide the data and insight from trading on Wall Street. Interest rates are derived from the yield on mortgage backed securities (bonds). When the pricing of mortgage backed securities (MBS) goes up you can expect lower interest rates. When MBS pricing goes down, expect higher pricing on interest rates for home mortgages.  Once the Pro Bailout...[...]

Mortgage Market Report 6/6/12: Here Today Gone Tomorrow!

This mortgage market report will provide the data and insight from trading on Wall Street. Interest rates are derived from the yield on mortgage backed securities (bonds). When the pricing of mortgage backed securities (MBS) goes up you can expect lower interest rates. When MBS pricing goes down, expect higher pricing on interest rates for home mortgages.   Last Friday, the...[...]

Mortgage Market Report – 5/30/12: History in the Making!!

This mortgage market report will provide the data and insight from trading on Wall Street. Interest rates are derived from the yield on mortgage backed securities (bonds). When the pricing of mortgage backed securities (MBS) goes up you can expect lower interest rates. When MBS pricing goes down, expect higher pricing on interest rates for home mortgages.  When fear becomes...[...]

Mortgage Market Report 5/23/12: Orange County, CA

This mortgage market report will provide the data and insight from trading on Wall Street. Interest rates are derived from the yield on mortgage backed securities (bonds). When the pricing of mortgage backed securities (MBS) goes up you can expect lower interest rates. When MBS pricing goes down, expect higher pricing on interest rates for home mortgages.  Just when we thought...[...]

Mortgage Market Report 5/17/12: Orange County, CA

This mortgage market report will provide the data and insight from trading on Wall Street. Interest rates are derived from the yield on mortgage backed securities (bonds). When the pricing of mortgage backed securities (MBS) goes up you can expect lower interest rates. When MBS pricing goes down, expect higher pricing on interest rates for home mortgages.  News….. The top...[...]

Mortgage Market Report 5/16/12: Orange County, CA

This mortgage market report will provide the data and insight from trading on Wall Street. Interest rates are derived from the yield on mortgage backed securities (bonds). When the pricing of mortgage backed securities (MBS) goes up you can expect lower interest rates. When MBS pricing goes down, expect higher pricing on interest rates for home mortgages.  Mortgage...[...]

Mortgage Market Report 5/15/12: Orange County, CA

This mortgage market report will provide the data and insight from trading on Wall Street. Interest rates are derived from the yield on mortgage backed securities (bonds). When the pricing of mortgage backed securities (MBS) goes up you can expect lower interest rates. When MBS pricing goes down, expect higher pricing on interest rates for home mortgages.  Inflation at the...[...]