Mortgage Rate Update 3-29-12: Trends, Projections & Today's Lowest Rates

Mortgage and Lending with AmeriFirst Financial Inc, San Diego, CA NMLS 259027

Rocky day for mortgage pricing yesterday...see below! What can we expect from mortgage rates next 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 complimentary daily update.

Mortgage Street Smarts - Daily interest rate updates, daily mortgage rate projections, mortgage quotes, featuring todays best mortgage rates. Provided by San Diego Residential Mortgage Specialist Jason E Gordon, CMPS, Direct Lender, Mortgage Broker, San Diego, CA. Visit for free online mortgage calculator, no hassle mortgage quote, and secure online mortgage loan application.

The Mortgage Street Smarts of where mortgage interest rates are going (and why):

The following information is current as of Thursday 3-29-2012 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 WORSENING to pricing (and will typically warrant a pricing adjustment by most Lenders). Wednesday's WORSENING resulted in a change of 15 basis points (bps).

(hint: upward activity is good, downward activity is bad)

Today's Best Interest Rates - San Diego Residential Mortgage Specialist - Jason E Gordon -

The following chart shows the market activity for today:

Today's Best Interest Rates - San Diego Residential Mortgage Specialist - Jason E Gordon -

The following chart shows market activity over the past 10 days (hint: green is good, red is bad):

Today's Lowest Interest Rates - San Diego Residential Mortgage Specialist - Jason E Gordon -

The following chart shows market activity over the past 1 month:

Today's Best Interest Rates - San Diego Residential Mortgage Specialist - Jason E Gordon -

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.

Today's Best Interest Rates - San Diego Residential Mortgage Specialist - Jason E Gordon -

Market Commentary

Analyst: Neil Trenerry

FNMA 30-Year:


3.0 Coupon: Previous Close 99.656  Open 99.766  Change 0.109

3.5 Coupon: Previous Close 102.703  Open 102.781  Change 0.078

4.0 Coupon: Previous Close 104.844  Open 104.891  Change 0.047



5 Year: Previous Close 99.734  Open 99.891  Change 0.152  Yield 1.021

10 Year: Previous Close 98.266  Open 98.578  Change 0.313  Yield 2.160

30 Year: Previous Close 96.594  Open 97.250  Change 0.641  Yield 3.271

Key Economic Data:


EUR/USD: Previous Close 1.3315  Open 1.3276  Change -0.0038

GBP/USD: Previous Close 1.5886  Open 1.5888  Change 0.0002

USD/JPY: Previous Close 82.880  Open 82.110  Change -0.7700


Gold: Previous Close 1657.90 Open 1662.20 Change 4.30

Oil: Previous Close 105.41 Open 105.25 Change -0.16

Key Economic News:


GDP for Q4: Actual 1.1%, Consensus 1.1%.


PCE for Q4: Actual 1.2%, Consensus 1.2%.



Initial jobless claims: Actual 359k, Consensus 350k, Last 348k.

Jobless claims 4-week average: Actual 365.0k, Last 355.0k.

Continued jobless claims: Actual 3.340m, Consensus 3.350m, Last 368.50k.




With GDP & PCE coming in as expected, but Initial and 4-week average claims both slipping. We might see the markets improve. I would expect the 3.0 coupon to test the 100.00 price range.


My position on MBS stays long.

Analyst: Dan Rawitch

Here is the link to today's video

So-So jobless claims and GDP as expected is causing a quiet morning so far.  We are still sitting on top of a technical crossroad.  The market needs to close above 103 but is continuing to hit resistance.   It is showing signs of flatening out and moving sideways but their is still a bearish undertone at this point, so be careful.

Trusted Industry Advisor

Jason E Gordon, San Diego Residential Mortgage Specialist,

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 or or more information.

Click here for daily mortgage interest rate updates and projections for San Diego's lowest mortgage rates

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For more information on topics like this, please feel free to visit (an educational resource for Borrowers, Real Estate Agents, and Financial Professionals). Educational content provided by:


Jason E. Gordon

Branch Manager | Sr. Mortgage Loan Officer



Gordon Mortgage Group - AmeriFirst Financial Inc.


Office: 619-200-8031



11440 W. Bernardo Court, Ste. 300, San Diego, CA 92127


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Attention Real Estate Agents!

 Ever heard of a Lender having more "skin in the game" during escrow than a Buyer? Ever wish a Lender would put their money where their mouth is? Learn how the Protect Your Transaction (PYT) program will improve the negotiation leverage for a Buyer, as well as how PYT benefits the Seller & Realtors in this short video.




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Gordon Mortgage Group - AmeriFirst Financial


Licensed by the Department of Corporations under the California Residential Mortgage Lending Act.

AmeriFirst Financial Inc., 1550 E. McKellips Road, Suite 117, Mesa, AZ 85203 (NMLS #145368) Toll free phone (877) 276-1974. Copyright 2012. All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates, and programs are subject to change without prior notice. All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations may apply. AmeriFirst Financial is required to disclose the following licensing information. Please click here for licensing information. 




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