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.

Mortgage Market Report 5/9/2012: 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.  Results of today’s...[...]

Market Report 5/7/12: Orange County, CA

This 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.  Quiet start to the week with...[...]

Market Report 5/4/12: Orange County, CA

This 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.  Today’s market report...[...]

Interest Rates in Orange County, CA: Why Wait?

Link to Interest Rates in Orange County, CA: Why Wait? Great Rates...Why Wait?   Interest rates for a 30 year mortgage averaged 3.92% in the first quarter of 2012. Since 1971, Freddie Mac has surveyed a variety of lenders nationwide. From their surveys they establish the average interest rates and points that lenders are charging. Over this time period the average interest rate is 8.32%. The difference between today’s average rate...[...]

New Market Order: Interest Rates Rise on Federal Reserve Commentary

Link to New Market Order: Interest Rates Rise on Federal Reserve Commentary Orange County, CA – The Federal Reserve Open Market Committee met yesterday and gave a positive nod to the economy. The economic data and subtle yet substantive hints about an economy that’s “expanded moderately” spurred the stock market yesterday to its best single day of growth this year. The stock market and bond market tend to work as opposing forces. What’s good for...[...]