Mortgage Rate Update 1-29-13: Trends Projections & Today's Best Rates

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

We continue the disturbing trend of increasing mortgage rates starting a whopping 36 basis points worse than Friday's close (which was a negative 30 basis points for that day). Is the stock market overreacting to hints of recovery?

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 Tuesday 1-29-2013 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 Monday with an IMPROVEMENT to pricing (and will typically warrant a pricing adjustment by most Lenders). Monday's IMPROVEMENT netted a change of 33 basis points (bps).

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

Lowest Mortgage Interest Rates in San Diego - Jason Gordon -

The following chart shows the activity thus far for today:

Lowest Mortgage Interest Rates in San Diego - Jason Gordon -

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

Lowest Mortgage Interest Rates in San Diego - Jason Gordon -

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

Lowest Mortgage Interest Rates in San Diego - Jason 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.

Lowest Mortgage Interest Rates in San Diego - Jason Gordon - 

Market Commentary

Market Analyst: Neil Trenerry

FNMA 30-Year:
2.5 Coupon: Open 99.8750 Change -0.0469
3.0 Coupon: Open 103.4688 Change 0.0313
3.5 Coupon: Open 105.5156 Change 0.0156

5 Year: Open 99.4453 Change 0.0000 Yield 0.8650
10 Year: Open 96.9688 Change -0.0156 Yield 1.9670
30 Year: Open 92.3750 Change -0.0313 Yield 3.1470

Key Economic Data:
EUR/USD: Open 1.3448 Change -0.0006
GBP/USD: Open 1.5725 Change 0.0031
USD/JPY: Open 90.660 Change -0.160
Oil: Open 96.56

Key Economic Data:
ICSC chain stories
Week-on-week: Actual -1.0%, Last -1.5%
Year-on-year: Actual 2.0%, Last 3.2%.
Month-on-month: Actual -0.5%, Last -0.4%.
Year-on-year: Actual 1.6%, Last 1.8%.
CaseShiller for Nov
20 mm SA: Actual 0.6%, Consensus 0.6%, Last 0.7%.
20 mm nsa: Actual -0.1%, Consensus 0.0%, Last -0.1%.
20 yy: Actual 5.5%, Consensus 5.5%, Last 4.3%.
7:00: Consumer confidence for Jan: Consensus 64.0, Last 65.1.
7:30: Texas service Sect outlook for Jan: Last 11.6.
7:30: Dallas Fed Service Reve for Jan: Last 14.0.

My position on MBS stays Long.

Market Analyst: Dan Rawitch

Here is the link to today's video:

Consumer Confidence is predicting troubled waters ahead.  We MAY have found the bottom...although we may test it again.  Chart suggests we now slowly move toward the top of the channel.  Ton's of news this week, which could prove me right or......

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


What People Are Saying About Jason Gordon

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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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