san diego residential mortgage specialist: Mortgage Rate Update 2-18-14: Trends & Projections - 02/18/14 03:03 AM
This morning (after a down day on Friday), the Empire State Regional Manufacturing Index came in below expectations. There was little reaction to the data. The DOW is up 10 points. There is no more economic data to be released today.
Pricing has opened 0.125 - 0.250 WORSE to the points/credits associated with each interest rate option.
This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given day. Feel free to browse the library … (1 comments)

san diego residential mortgage specialist: Mortgage Rate Update 7-31-13: Trends Projections & Today's Best Rates - 07/31/13 02:53 AM
Stronger than expected economic data caused a decline in Mortgage Backed Securities (MBS) this morning, ahead of the Fed Announcements (which are due later today). Second Quarter GDP increased 1.7% (above the consensus prediction of 1.1%). The ADP estimate for July employment showed an increase of 200,000 private sector jobs (above the consensus forecast of 180,000). As a result, pricing is roughly 0.250 - 0.375 worse to points/credits for any given interest rate from where we closed yesterday.
This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at … (0 comments)

san diego residential mortgage specialist: Mortgage Rate Update 7-23-13: Trends Projections & Today's Best Rates - 07/23/13 02:07 AM
Mortgage rates bounced around a bit yesterday, ending with a slight improvement of 8 basis points (bps). Thus far today, we have opened down 22 bps, but have managed to improve in early trading.
This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given day. Feel free to browse the library and research historical rate updates dating back over 2 years at www.JasonGordon.info whenever desired.  To make things easier, I have also posted a … (0 comments)

san diego residential mortgage specialist: Mortgage Rate Update 7-19-13: Trends Projections & Today's Best Rates - 07/19/13 12:15 AM
We closed yesterday down 25 basis points (bps). For those of you unclear what this means, essentially any particular interest rate that was available at 0 points when the market opened yesterday would likely be available at a cost of 0.25 point yesterday afternoon.  For example, on a $400,000 loan amount, a 25 bps worsening would increase the cost of that particular interest rate by $1000 ($400,000 x 0.25 = $1000). The market is slightly up in early morning trading today.
This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where … (2 comments)

san diego residential mortgage specialist: Mortgage Rate Update 7-18-13: Trends Projections & Today's Best Rates - 07/18/13 01:55 AM
We had a slighlty favorable jobs report this morning which has begun to hurt mortgage pricing. At present, we are down 15 basis points after closing down 12 basis points yesterday.
This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given day. Feel free to browse the library and research historical rate updates dating back over 2 years at www.JasonGordon.info whenever desired.  To make things easier, I have also posted a quick report on … (0 comments)

san diego residential mortgage specialist: Mortgage Rate Update 7-17-13: Trends Projections & Today's Best Rates - 07/17/13 03:00 AM
Comments made by Ben Bernanke this morning emphasized that highly accomomodative monetary policy will remain appropriate for a long time. He also repeated that the Fed's expected timeline to taper its bond purchase program depends on the future performance of the economy. Bernanke's comments and weaker-than-expected Housing Starts data caused an early rally in Mortgage Backed Security (MBS) prices this morning.
This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given day. Feel free … (0 comments)

san diego residential mortgage specialist: Mortgage Rate Update 7-16-13: Trends Projections & Today's Best Rates - 07/16/13 03:53 AM
Today's economic data (CPI, Core CPI, and Industrial Production) came in very close to expectations and had little impact on Mortgage Backed Security (MBS) pricing. Pricing opened today improved on average 0.125 - 0.250 (to points/credits) over yesterday's close.
This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given day. Feel free to browse the library and research historical rate updates dating back over 2 years at www.JasonGordon.info whenever desired.  To make things easier, … (0 comments)

san diego residential mortgage specialist: Mortgage Rate Update 7-12-13: Trends Projections & Today's Best Rates - 07/12/13 03:42 AM
Shifting sentiment about the Fed policy have continued to be a driving force for Mortgage Backed Security markets this morning.  We are currently down (worse) 31 basis points on the day.
This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given day. Feel free to browse the library and research historical rate updates dating back over 2 years at www.JasonGordon.info whenever desired.  To make things easier, I have also posted a quick report on … (1 comments)

san diego residential mortgage specialist: Mortgage Rate Update 7-11-13: Trends Projections & Today's Best Rates - 07/11/13 02:01 AM
Yet another volatile day yesterday (stop me if you've heard this before). In both anticipation of, and reaction to the Fed Meeting (FOMC), we lost upwards of 70 basis points before sharply making up ground near the final bell. The end result was a 31 basis point worsening to pricing. Thus far today, we have lost an additional 25 bps.
This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given day. Feel free to … (0 comments)

san diego residential mortgage specialist: Mortgage Rate Update 7-8-13: Trends Projections & Today's Best Rates - 07/08/13 12:53 AM
While most of the market was enjoying a 4 day weekend, we "quietly" had quite the devastating day for rates on Friday. Immediately after the promising numbers of the jobs report were unveiled, we opened 127 basis points worse than Wednesday's closing. As the short market day progressed, we lost an additional 72 basis points. In early trading today, we are beginning to make up some ground, but we have far to go!
This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what … (3 comments)

san diego residential mortgage specialist: Mortgage Rate Update 7-1-13: Trends Projections & Today's Best Rates - 07/01/13 01:07 AM
In fear of cursing it, I am hesitant to acknowledge a recent turnaround in the interest rate trends. Friday finished with a strong 31 basis point improvement, and thus far, we are up an additional 28 bps.  We still have a long way to go in order to erase the losses of last month (but this is a good start).
This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given day. Feel free to … (0 comments)

san diego residential mortgage specialist: Mortgage Rate Update 6-26-13: Trends Projections & Today's Best Rates - 06/26/13 02:52 AM
Mortgage Backed Security pricing has rised again this morning due to the fact that the final Gross Domestic Product numbers were revised much lower than expected, along with additional positive remarks from the Fed Officials.  The market is currently down 40 bps.
This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given day. Feel free to browse the library and research historical rate updates dating back nearly 2 years at www.JasonGordon.info whenever desired.  To … (0 comments)

san diego residential mortgage specialist: Mortgage Rate Update 6-11-13: Trends Projections & Today's Best Rates - 06/11/13 01:45 AM
My what a beautiful sight it is to see so much "green" on today's chart! In early market trading, we are currently 44 basis points in the right direction...fingers crossed that this trend will continue!
This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given day. Feel free to browse the library and research historical rate updates dating back nearly 2 years at www.JasonGordon.info whenever desired.  To make things easier, I have also posted … (0 comments)

san diego residential mortgage specialist: Mortgage Rate Update 5-13-13: Trends Projections & Today's Best Rates - 05/13/13 02:21 AM
Friday was a brutal day for mortgage rates, which caused most lenders to worsen pricing by 0.500.  An example of how this type of movement effects mortgage pricing is as follows:
$400,000 loan amount at 0.500 worsening in pricing = $2000 increased cost (or decreased credit) for any particular rate.
This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given day. Feel free to browse the library and research historical rate updates dating back … (0 comments)

san diego residential mortgage specialist: Mortgage Rate Update 4-29-13: Trends Projections & Today's Best Rates - 04/29/13 02:09 AM
We are off to a fairly flat start this morning.  With no major economic reports due today, we are likely looking at a somewhat neutral day in trading.
This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given day. Feel free to browse the library and research historical rate updates dating back nearly 2 years at www.JasonGordon.info whenever desired.  To make things easier, I have also posted a quick report on How To Read … (0 comments)

san diego residential mortgage specialist: The Truth About Residential Property Appraisals - 04/20/13 03:53 AM
The truth about residential property appraisals is often a topic of heated debate.  The following tips have been compiled by various Appraisers in the hope of dispelling some of the common myths about appraisals, while offering clarity on a very important element of the home buying (or refinancing) process.

The Truth About Residential Property Appraisals - Lesson 1
Understanding Appraiser Independence Requirements (AIR) - "No employee, director, or agent of the Seller, or any third party acting as joint venture partner, independent contractor, appraisal company, appraisal management company, or partner on behalf of the Seller, shall influence or attempt to … (0 comments)

san diego residential mortgage specialist: Mortgage Rate Update 3-11-13: Trends Projections & Today's Best Rates - 03/11/13 10:34 AM
Fairly uneventful day in terms of economic data being reported.  The net result was a slight worsening to the cost of rates by 6 basis points.
This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given day. Feel free to browse the library and research historical rate updates dating back nearly 2 years at www.JasonGordon.info whenever desired.  To make things easier, I have also posted a quick report on How To Read The Charts … (0 comments)

san diego residential mortgage specialist: Mortgage Rate Update 2-28-13: Trends Projections & Today's Best Rates - 02/27/13 10:11 PM
Much of Monday's gains were erased yesterday with the market spending nearly the entire day in negative territory. The net result was a loss of 27 basis points.
This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given day. Feel free to browse the library and research historical rate updates dating back nearly 2 years at www.JasonGordon.info whenever desired.  To make things easier, I have also posted a quick report on How To Read … (0 comments)

san diego residential mortgage specialist: Mortgage Rate Update 2-27-13: Trends Projections & Today's Best Rates - 02/27/13 07:22 AM
Tough day in the market today as we lost a total of 27 basis points.
This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given day. Feel free to browse the library and research historical rate updates dating back nearly 2 years at www.JasonGordon.info whenever desired.  To make things easier, I have also posted a quick report on How To Read The Charts Below.
Also, make sure to learn THE TOP 10 THINGS TO … (0 comments)

san diego residential mortgage specialist: Mortgage Rate Update 2-25-13: Trends Projections & Today's Best Rates - 02/24/13 11:35 PM
Last week finished nicely with a Friday rally which ended in a 12 basis point improvement. We are certainly hoping for this trend to continue as we close out the month of February.
This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given day. Feel free to browse the library and research historical rate updates dating back nearly 2 years at www.JasonGordon.info whenever desired.  To make things easier, I have also posted a quick … (2 comments)

 
Jason E. Gordon, Sr. Loan Officer, CMPS, CDLP, RCS-D, CDPE, CMHS (AmeriFirst Financial Inc, San Diego, CA) Rainmaker large

Jason E. Gordon

Sr. Loan Officer, CMPS, CDLP, RCS-D, CDPE, CMHS

San Diego, CA

More about me…

AmeriFirst Financial Inc, San Diego, CA

Address: 12544 High Bluff Drive, Ste. 100, San Diego, CA, 92130

Office: (858) 461-7007

Mobile: (619) 200-8031

Email Me

Author Bio: Jason Gordon is a Residential Mortgage Specialist in San Diego, CA. He combines ethics, education, and experience while helping Homebuyers and Homeowners to achieve their financial goals.View all AR Posts By Jason Gordon Blog Google+


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