Mortgage Rate Update 1-24-13: Trends Projections & Today's Best Rates

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

News of progress related to the Fiscal-Cliff saga are putting mortgage rates in jeopardy. We are showing signs of turblence ready to lock!

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 1-24-2013 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 an IMPROVEMENT to pricing (and will typically warrant a pricing adjustment by most Lenders). Wednesday's IMPROVEMENT netted a change of 6 basis points (bps).

(hint: upward activity is good, downward activity is bad)

Best Mortgage Rates in San Diego - Jason E Gordon, San Diego Residential Mortgage Specialist,

The following chart shows the activity thus far for today:

Best Mortgage Rates in San Diego - Jason E Gordon, San Diego Residential Mortgage Specialist,

The following chart shows market activity over the past 10 days (hint: green is good, red is bad):

Best Mortgage Rates in San Diego - Jason E Gordon, San Diego Residential Mortgage Specialist,

The following chart shows market activity over the past 1 month:

Best Mortgage Rates in San Diego - Jason E Gordon, San Diego Residential Mortgage Specialist,

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.

 Best Mortgage Rates in San Diego - Jason E Gordon, San Diego Residential Mortgage Specialist,

Market Commentary

Market Analyst: Dan Rawitch


Here is the link to today's video:

Jobless Claims are better than expected and the chart is suggesting a follow through of the downward channel that began a couple months ago.  Be careful.

Market Analyst: Neil Trenerry


FNMA 30-Year:
2.5 Coupon: Open 101.0000 Change -0.1406
3.0 Coupon: Open 104.2500 Change -0.0781
3.5 Coupon: Open 106.0625 Change -0.0469

5 Year: Open 99.9531 Change -0.0703 Yield 0.7600
10 Year: Open 98.0781 Change -0.1094 Yield 1.8400
30 Year: Open 94.3594 Change -0.3281 Yield 3.0390

Key Economic Data:
EUR/USD: Open 1.3345 Change 0.0030
GBP/USD: Open 1.5770 Change -0.0074
USD/JPY: Open 89.860 Change 1.250
Oil: Open 96.09

Key Economic Data:
Initial jobless claims: Actual 330k, Consensus 355k, Last 335k.
Jobless claims 4-week avg: Actual 351.75k, Last 359.25k.
Continued jobless claims: Actual 3.157m, Consensus 3.200m, Last 3.214m.
Markit Mfg PMI Prelim: Actual 56.1., Consensus 53.0, 54.0.
7:00: Leading index chg for Dec: Consensus 0.3%, Last -0.2%.
8:00: KC Fed manufacturing for Jan: -5
15:00: SEMI book/bill ratio for Dec: Last 0.79

Treasuries erased gains, with 10-year note yields rising from almost the lowest level in three weeks, as claims for jobless benefits in the U.S. unexpectedly dropped last week to a five-year low. The yield on the benchmark note dropped earlier after the House of Representatives voted yesterday to suspend the U.S. debt limit, a step toward averting a delay in payments that threatened the economy. Treasury Inflation Protected Securities are lagging behind conventional government debt this year as the U.S. prepares to sell $15 billion of 10-year TIPS today. Weve been getting slightly better numbers lately things are getting better, said Thomas Roth, senior Treasury trader in New York at Mitsubishi UFJ Securities USA Inc. We should be 20 to 30 basis points higher in yields. But the Feds buying, so that caps the 10 year at 1.95-to-2%.Ten-year yields rose one basis point, or 0.01% point, to 1.84% as of 8:53 a.m. New York time, according to Bloomberg Bond Trader prices, after touching 1.80%. Initial claims decreased by 5,000 to 330,000 in the week ended Jan. 19, the fewest since the same week in 2008, the Labor Department reported today in Washington. Economists forecast 355,000 claims, according to the median estimate in a Bloomberg survey.

My position on MBS stays Long.

Market Analyst: Barry Habib

To view the video please click -

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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