Mortgage Rate Update 7-5-12: Trends Projections & Todays Lowest Rates

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

Do you know someone who is currently applying for a mortgage loan and looking for the lowest mortgage rates? By forwarding this article, you will be doing them a huge favor! Finally a free daily report that offers complete transparency regarding mortgage rates by showing the actual market activity which influences the direction of mortgage rates. 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.

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 7-5-2012 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 Tuesday with a WORSENING to pricing (and will typically warrant a pricing adjustment by most Lenders). Tuesday's WORSENING resulted in a change of 15 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 -

In honor of the 4th of July holiday, the market was closed yesterday:

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

Market Commentary

Analyst: Neil Trenerry

FNMA 30-Year:

3.0 Coupon: Previous Close 102.797  Open 102.875  Change 0.078

3.5 Coupon: Previous Close 105.297  Open 105.391  Change 0.094

4.0 Coupon: Previous Close 106.625  Open 106.703  Change 0.078



5 Year: Previous Close 100.258 Open 100.414 Change  0.148  Yield 0.665

10 Year: Previous Close 101.547  Open 101.453 Change -0.109  Yield 1.592

30 Year: Previous Close 105.234  Open 105.453 Change 0.641 Yield 2.712

Key Economic Data:

EUR/USD: Previous Close 1.2525  Open 1.2377 Change -0.0148

GBP/USD: Previous Close 1.5593  Open 1.5517 Change -0.0076

USD/JPY: Previous Close 79.850  Open 79.930 Change 0.080

Oil: Previous Close 87.66 Open 86.97 Change -0.69

Key Economic News:

Mortgage Market

Index: Actual 816.7, Last 875.1

Purchase Index: Actual 186.5, Last 185.4

Refinance Index: Actual 4524.1, Last 4938.3.

30-yr rate: Actual 3.86%, Last 3.88%.

Challenger layoffs for Jun: Actual 37.6k, Last 61.9k.

ADP National Employment for Jun: Actual 176.0k, Consensus 105k, Last 133k.


Initial jobless claims: Actual 375k, Consensus 385k, Last 386k.

Jobless claims 4-week average: Actual 385.75k, Last 386.75k.

Continued claims: Actual 3.306m, Consensus 3.300m, Last 3.296m

ISM for Jun: Actual 51.7, Consensus 55.0, Last 55.6.



With unemployment holding at these levels, I would expect the market to hold these levels and possible improve.


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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To see if you qualify (and to obtain a current market interest rate quote), click here for a secure online loan application form.


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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Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

We have such good rates at this time it is fabulous.  Thanks for the info.

Jul 05, 2012 01:53 AM #1
Robert Vegas Bob Swetz
Realty ONE Group - Las Vegas, NV
Las Vegas Henderson Homes for Sale

Hello Jason ... Great post, Great graphs, Lowest rates in History and FEATURED at ...


Jul 06, 2012 01:00 AM #2
Jason E. Gordon
AmeriFirst Financial Inc, San Diego, CA - San Diego, CA
Sr. Loan Officer, CMPS, CDLP, RCS-D, CDPE, CMHS

Thank you Gentlemen! Just trying to do my part to allow complete transparency with regard to mortgage rates. This type of knowledge will allow our fellow clients to make better informed decisions.

Jul 06, 2012 03:49 AM #3
I really liked your canhnel and this video. If you need any help getting this video exposed I use a site called tubeviews.(net) It has really helped like 20 of my main videos get to the top in position. Its nice.that is very awesome i love this
Aug 19, 2012 03:31 PM #4
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Jason E. Gordon

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