Mortgage Rate Update 11-19-12: Trends Projections & Today's Best Rates

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

We are amidst the 4th day in a row showing market gains.  Friday concluded with a 15 basis point gain.

This daily mortgage interest rate report is designed to provide 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 Monday 11-19-2012 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 Friday with an  IMPROVEMENT to pricing (and will typically warrant a pricing adjustment by most Lenders). Friday's IMPROVEMENT netted 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 -

The following chart shows market activity thus far 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 Best Interest Rates - San Diego Residential Mortgage Specialist - Jason E Gordon -

Market Commentary (Neil Trenerry)

FNMA 30-Year:
2.5 Coupon: Open 102.156 Change -0.281
3.0 Coupon: Open 104.828 Change -0.203
3.5 Coupon: Open 106.375 Change -0.141

5 Year: Open 100.555 Change -0.141 Yield 0.636
10 Year: Open 100.047 Change -0.422 Yield 1.620
30 Year: Open 99.516 Change -1.063 Yield 2.775

Key Economic Data:
EUR/USD: Open 1.2736 Change 0.0036
GBP/USD: Open 1.5881 Change 0.0022
USD/JPY: Open 81.260 Change -0.0800
Oil: Open 88.90 Change 1.98

Key Economic Data:
7:00: Existing home sales for Oct: Consensus 4.75m, Last 4.75m.
7:00: NAHB housing market for Oct: Consensus 0.0%, Last -1.7%.

Stocks around the world snapped the longest losing streak in almost a year on optimism a deal can be reached to avoid automatic U.S. spending cuts and tax increases. Oil led commodities higher. The dollar and Treasuries fell. The MSCI All-Country World Index advanced 0.7% as of 7:35 a.m. in New York, ending an eight-day decline. The Stoxx Europe 600 Index climbed 1.2%. Standard & Poors 500 Index futures added 0.6%. Oil increased 1.2% in New York and copper gained 1.3% in London. Treasury 10-year yields rose three basis points to 1.61%. The dollar weakened against all of its 16 major counterparts.House Speaker John Boehner and White House Press Secretary Jay Carney described a Nov. 16 meeting on the so-called fiscal cliff as constructive. European finance ministers are due to meet in Brussels tomorrow as they aim to craft a plan for Greeces next aid payout. Data today may show sales of previously owned U.S. homes stayed close to a two-year high last month. This is good news and a relief for the market, said Bruno Ducros, who helps oversee about $3.9 billion in equities at CamGestion in Paris. If we apply the automatic tax increases and spending cuts, there is risk of a very strong slowdown in the U.S. That is what scared the market. No one wants to take responsibility for a major crisis in the U.S.

My position on MBS stays Long.


Market Commentary (Dan Rawitch)

Here is the link to todays video

 today we learned that existing home sales grew a lot. We also learned, that year-over-year prices have increased by over 11%! Is that real? Is this sustainable? Well, you need to listen to my video to learn how I feel about that.

Meanwhile, we are technically vulnerable and I still see us testing the bottom of this current trading range. I want to be clear, that I don't see is falling off of a cliff! But, I do see us testing the bottom of the trading range, prior to testing the top again.

Hope everybody has a great week!

Trusted Industry Advisor

San Diego Residential Mortgage Specialist Jason E Gordon

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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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


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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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