Mortgage Rate Update 9-25-12: Trends Projections & Todays Lowest Rates

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

Mortgage rates continue to long will this last? Monday closed with a solid 15 point gain, making it 5 business days in a row with positive movement for the consumer!

This daily mortgage interest rate report is provided to equip 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 whenever desired.  Also, make sure to learn about THE TRUTH BEHIND MORTGAGE QUOTES to better understand the relationship between up-front closing costs and mortgage interest rates so you don't get duped by clever advertising campaigns.

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 9-25-2012 and will help you understand today's 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 an IMPROVEMENT to pricing (and will typically warrant a pricing adjustment by most Lenders). Monday's IMPROVEMENT 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 Best 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: Neil Trenerry

FNMA 30-Year

2.5 Coupon: Open 102.813  Change -0.094

The 2.5 Coupon price is indication only – we haven’t seen a trade at present.

3.0 Coupon: Open 105.438  Change 0.047

3.5 Coupon: Open 107.234  Change 0.000

4.0 Coupon: Open 107.734  Change 0.000



5 Year: Open 99.797  Change -0.039  Yield 0.667

10 Year: Open 99.219  Change 0.063  Yield 1.711

30 Year: Open 97.094  Change 0.188  Yield 2.896

Key Economic Data:

EUR/USD: Open 1.2930 Change 0.0017

GBP/USD: Open 1.6216 Change 0.0020

USD/JPY: Open 77.850 Change- 0.1000

Oil: Open 92.94 Change 1.00

Key Economic News:

ICSC chain stories

Week-on-week: Actual 0.6%, Last -2.5%.

Year-on-year: Actual 2.9%, Last 2.1%.


Month-on-month: Actual 1.7%, last 1.8%.

Year-on-year: Actual 2.0%, Last 2.4%.

CasseShiller for July

Month-on-month SA: Actual 0.4%, Consensus 0.9%, Last 0.9%.

Month-on-month nsa: Actual 1.6%, Consensus 1.8%, Last 2.3%.

Year-on-year: Actual 1.2%, Consensus 1.0%, Last 0.5%.


7:00: Consumer confidence for Sep: Consensus 63.0, Last 60.6.


7:00: Monthly home prices for July

Month-on-month: Last 0.7%.

Year-on-year: Last 2.6%

Index: Last 189.8%.


7:00: Richmond Fed Index for Sep: Last -9.


7:30: Dallas Fed Survey for Sep: Last 10.0



Treasuries extended their longest run of gains in 16 months on concern Europe’s debt crisis is worsening after Spanish borrowing costs rose at a debt sale and the International Monetary Fund said Greece’s fiscal outlook has worsened. Benchmark 10-year yields dropped to the lowest level in two weeks after IMF Director General Christine Lagarde said yesterday that global growth will probably be weaker than the organization projected in July. Two-year notes were little changed before the U.S. government sells $35 billion of the securities today.


My position on MBS stays to Long.

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.

Do you want mortgage rate updates on your cell phone?  Simply text the word UPDATES to 79564

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

Posted by

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.




Recommended Links:


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. 




Gordon Mortgage Group Credentials 

Jason Gordon Mortgage 

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Lending / Financial
California San Diego County Oceanside
Dedicated Bloggers
San Diego North County Real Estate
Poway Real Estate
jason e gordon
san diego residential mortgage specialist
best mortgage interest rates in san diego
san diego first time homebuyer loans

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rob Spinosa
Guaranteed Rate, Marin County, CA - San Anselmo, CA
Vice President of Mortgage Lending, Marin County

Pricing is incredible and there are still so many reasons why borrowers should take advantage of it NOW (CFPB, Europe, Fiscal Cliff, etc.).  We just learned recently that the agencies can increase their G-fees and this will easily take the wind out of the sails of underlying improvement.  In short, don't fiddle around!  The time to act on these rates is right now.

Sep 24, 2012 11:53 PM #1
Pat & Steve Pribisko
Keller Williams Greater Cleveland West - Westlake, OH

Jason, this is the first time I have clicked on your post.  You provide some interesting mortgage rate information.

Sep 24, 2012 11:54 PM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Jason E. Gordon

Sr. Loan Officer, CMPS, CDLP, CDRE, RCS-D, CDPE
Ask me a question
Spam prevention

Additional Information