Mortgage Rate Update 9-27-12: Trends Projections & Todays Lowest Rates

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

After a seemingly positive day on Wednesday, we saw a slight late afternoon dip, which resulted in a "neutral result" (PAR finish) as the market closed yesterday.  Thus far today, we find ourselves in positive territory. Some Analysts predict an improvement in rates today.

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 Thursday 9-27-2012 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 Wednesday with a NEUTRAL RESULT to pricing (and will typically warrant a pricing adjustment by most Lenders). Wednesday's NEUTRAL RESULT netted 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: Neil Trenerry

FNMA 30-Year

2.5 Coupon: Open 102.938  Change -0.703

3.0 Coupon: Open 105.609  Change -0.297

3.5 Coupon: Open 107.313  Change -0.203



5 Year: Open 99.906 Change -0.063  Yield 0.644

10 Year: Open 99.797  Change -0.266  Yield 1.647

30 Year: Open 96410  Change -0.531  Yield 2.818

Key Economic Data:

EUR/USD: Open 1.2870 Change 0.0001

GBP/USD: Open 1.6164 Change 0.0058

USD/JPY: Open 77.730 Change -0.0500

Oil: Open 91.16 Change 1.17

Key Economic News:

Building permits for Aug: Actual 0.801m, Last 0.803m.

Corporate profits for Q2: Actual 2.2%, Consensus 1.1%, Last 1.1%.

Durable goods for Aug

Index: Actual -13.2%, Consensus -5.0%, Last 4.1%.

Ex-transport: Actual -1.6%, Consensus 0.3%, Last -0.6%.

Ex-defense: Actual -12.4%, Consensus -5.0%, Last 4.1%

GDP for Q2

Final: Actual 1.3%, Consensus 1.7%, Last 1.7%.

Consumer spending: Actual 1.5%, Last 1.7%.


PCE for Q2

Prices final: Actual 1.5%, Consensus 1.6%, Last 1.6%.

Core prices final: Actual 1.7%, Consensus 1.8%, Last 1.8%.



Initial claims: Actual 359k, Consensus 378k, Last 382k.

Jobless claims 4-week average: Actual 374.0k, Last 377.75k.

Continued claims: Actual 3.271m, Consensus 3.285m, Last 3.272m.

Midwest manufacturing for Aug: Actual 94.1, Last 95.6.

7:00: Pending home sales for Aug: Last 101.7.




With mixed news today, we should see the market improve thru the day.

With the low volume in the 2.5cpn market movement will be more extreme than the other coupons.


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 Ocean Beach
Dedicated Bloggers
San Diego North County Real Estate
Poway Real Estate
jason e gordon
san diego residential mortgage specialist
lowest mortgage rates in san diego
first time homebuyer loans in san diego

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

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