Mortgage Rate Update 5-8-12: Trends, Projections & Todays Lowest Rates

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

Back-to-back days with no net market losses or gains. Is this the calm before the storm? The charts below have been designed to help you assess the trends pertaining to mortgage rates, while helping you to decipher THE TRUTH BEHIND MORTGAGE QUOTES.

Jason E. Gordon - Mortgage Rate Update -

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

The following information is current as of Tuesday 5-8-2012 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 Monday with a NEUTRAL RESULT to pricing (and will typically warrant a pricing adjustment by most Lenders). Monday's NEUTRAL RESULT resulted in a change of 0 basis points (bps).

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

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

The following chart shows the market activity for today:

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

Market Commentary

Analyst: Neil Trenerry


FNMA 30-Year:


3.0 Coupon: Previous Close 101.125  Open 101.234  Change 0.109

3.5 Coupon: Previous Close 104.063  Open 104.188  Change 0.125

4.0 Coupon: Previous Close 106.078  Open 106.172  Change 0.094



5 Year: Previous Close 100.453  Open 100.523  Change 0.070  Yield 0.768

10 Year: Previous Close 101.078  Open 101.328  Change 0.250  Yield 1.851

30 Year: Previous Close 101.125  Open 101.656  Change 0.531  Yield 3.040

Key Economic Data:


EUR/USD: Previous Close 1.3057  Open 1.3010 Change -0.0047

GBP/USD: Previous Close 1.6192  Open 1.6138 Change -0.0054

USD/JPY: Previous Close 79.900  Open 79.840  Change -0.0600

Gold: Previous Close 1638.60 Open 1610.40 Change -28.20

Oil: Previous Close 97.94 Open 96.78 Change -1.16

Key Economic News:


NFIB business optimism for Apr: Actual 94.5, Last 92.50.

ICSC Chain stores

Week-on-week: Actual -0.8%, Last -0.3%.

Year-on-year: Actual 3.3%, Last 4.2%.



Month-on-month: Actual -1.3%, Last 0.2%.

Year-on-year: Actual 2.6%, Last 2.9%.

IDB economic optimism for May: Last 49.3.




Again with not a lot of news to help, and the Government still buying MBSs. I would expect the market to hold these levels.


My position on MBS stays neutral.

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



11260 El Camino Real, Ste. 100, San Diego, CA 92130


What People Are Saying About Jason Gordon

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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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