Mortgage Rate Update 12-13-12: Trends Projections & Today's Best Rates

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

Lower than expected unemployment figures are contributing to a slight market rally (which has slightly increased the cost of mortgage rates). Consider locking in any loans which are currently floating!

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 Thursday 12-13-2012 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 WORSENING to pricing (and will typically warrant a pricing adjustment by most Lenders). Wednesday's WORSENING netted a change of 18 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 market activity thus far 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 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: Bid 101.6563 Change -0.2188
3.0 Coupon: Bid 104.6250 Change -0.1094
3.5 Coupon: Bid 106.4531 Change -0.0625

5 Year: Bid 99.8125 Change -0.0469 Yield 0.6630
10 Year: Bid 99.1719 Change -0.1250 Yield 1.7180
30 Year: Bid 96.6563 Change -0.4375 Yield 2.9180

Key Economic Data:
EUR/USD: Bid 1.3081 Change 0.0008
GBP/USD: Bid 1.6146 Change - 0.0001
USD/JPY: Bid 83.410 Change 0.160
Oil: Last 86.26

Key Economic Data:
Initial jobless claims: Actual 343k, Consensus 370k, Last 370k.
Jobless claims 4-week average: Actual 381.50k, Last 408.00k.
Continued jobless claims: Actual 3.198m, Consensus 3.210m, Last 3.205m.
PPI for Nov
Index: Actual -0.8%, Consensus -0.5%, Last -0.2%.
Inflation: Actual 1.5%, Consensus 1.8%, Last 2.3%.
Core: Actual 0.1%, Consensus 0.2%, Last -0.2%.
Retail sales for Nov
Index: Actual 0.3%, Consensus 0.5%, Last -0.3%.
Ex Gas/Autos: Actual 0.7%, Last -0.3%.
7:00: Business inventors for Oct: Consensus 0.4%, Last 0.7%.

With unemployment coming in better than expected, and the fiscal cliff getting ever closer. We could be seeing some traders closing out long positions for the Year.

My position on MBS changes to Neutral.


Market Commentary (Dan Rawitch)

Here is Dan's video for today:

Buy the rumor, sell the news...this is in part what happened yesterday.  Add to that the fact that the Fed completely stated the obvious, but in doing so, he made us all wonder if thousands of baby boomer retire from the job market everyday...just how quickly will we hit 6.5% unemployment.  I'd say, we hit it quickly and the economy will stink worst than today.  Now that the fed spoke...he may feel compelled to hold that promise.  So, we hit 6.5%, the economy is weak and he may still raise rates.

Can you imagine the panic selling that could occur when unemployment hits 6.75%?  C'mon!  The market will not wait for that point....many will exit now, in my opinion.

Having said that, I remain long term bullish...the fed just made the need for crack much greater.

Market Commentary (Barry Habib)

Click on the following link for a brief video conducted by Mr. Habib:

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 in an effort to provide transparency regarding true mortgage rate activity and market guidance to consumers and professionals interested in this activity.

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 best 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


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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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