Mortgage Rate Update 5-10-12: Trends Projections & Todays Lowest Rates

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

This week has shown some of the smallest net gains and losses in recent memory. Are we one economic report from seeing a definitive direction for mortgage rates? If you, or someone you care about is considering a mortgage, it is recommended that you first read THE TRUTH BEHIND MORTGAGE QUOTES to insure the decisions you make are based on fact and not clever advertising.

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 Thursday 5-10-2012 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). Wedneday's WORSENING resulted in a change of 3 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 101.313  Open 101.172  Change -0.141

3.5 Coupon: Previous Close 104.156  Open 104.078  Change -0.078

4.0 Coupon: Previous Close 106.078  Open 106.000  Change -0.078


5 Year: Previous Close 100.563  Open 100.461  Change -0.102  Yield 0.780

10 Year: Previous Close 98.918  Open 98.625  Change -0.293  Yield 1.902

30 Year: Previous Close 101.672  Open 100.859  Change -0.813  Yield 3.081

Key Economic Data:

EUR/USD: Previous Close 1.2932  Open 1.2969 Change 0.0035

GBP/USD: Previous Close 1.6129  Open 1.6177 Change 0.0047

USD/JPY: Previous Close 79.650  Open 79.880  Change 0.2300

Gold: Previous Close 1593.70 Open 1592.40 Change -1.30

Oil: Previous Close 96.81 Open 97.43 Change 0.62

Key Economic News:

International Trade month-on-month for Mar: Actual -51.83b, Consensus -50.0b, Last -46.0b, Revised -45.42b.

Import prices for Apr: Actual -0.5%, Consensus -0.2%, Last 1.3%, Revised 1.5%.

Export prices for Apr: Actual 0.4%, Consensus 0.2%, Last 0.8%.


Initial jobless claims: Actual 367k, Consensus 369k, Last 365k, Revised 368k.

Jobless claims 4-week average: Actual 379k, Last 383.5k, Revised 384.5k.

Continued jobless claims: Actual 3.229m, Consensus 3.278m, Last 3.276m, Revised 3.29m.

11:00: Federal budget for Apr: Consensus 30.0b, Last -198.1b.



With International Trade and Import/Export coming in close to expectations, and unemployment creeping down at a snail’s pace. 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



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


What People Are Saying About Jason Gordon

 Not all Mortgage Lenders are alike! Find out what Clients, Real Estate Agents and other Financial & Legal Professionals have to say about Jason Gordon.



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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