Mortgage Rate Update 4-12-13: Trends Projections & Today's Best Rates

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

Retail sales and consumer sentiment came in much weaker than expected.  Pricing improved +/- 0.25 basis points as a result.

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.  To make things easier, I have also posted a quick report on How To Read The Charts Below.

Also, make sure to learn THE TOP 10 THINGS TO KNOW ABOUT MORTGAGE RATES (to help understand the relationship between rates & fees/credits) along with 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). Remember, we all make better decisions in life when we have the actual facts to analyze!

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 Friday 4-12-2013 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 Thursday with an IMPROVEMENT to pricing.  Thursday's IMPROVEMENT netted a change of 3 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 a summary of today's activity:

 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 99.7344 Change 0.2344
3.0 Coupon: Open 103.6406 Change 0.1406
3.5 Coupon: Open 105.8906 Change 0.0938


5 Year: Open 100.1094 Change 0.0313 Yield 0.7280
10 Year: Open 101.8750 Change 0.1250 Yield 1.7910
30 Year: Open 102.7031 Change 0.3594 Yield 2.9870


Key Economic Data
EUR/USD: Open 1.3096 Change 0.0029
GBP/USD: Open 1.5380 Change 0.0051
USD/JPY: Open 99.360 Change -0.420
Oil: Open 94.31


Key Economic Data:
Import prices for Mar: Actual -0.5%, Consensus -0.5%, Last 1.1%, Revised 0.6%.
Export prices for Mar: Actual -0.4%, Consensus 0.1%, Last 0.8%, Revised 0.7%.
Initial jobless claims: Actual 346k, Consensus 365k, Last 385k, Revised 388k.
Jobless claims 4-week average: Actual 358.00k, Last 354.25k, Revised 355.00k.
Continued jobless claims: Actual 3.079m, Consensus 3.066m, Last 3.063m, Revised 3.091m.


With unemployment numbers not really showing and good improvement, and a weaker dollar. We might see some buying thru the day as traders re open position after taking profits from the last two days of trading.


My position on MBS stays Neutral.

Market Commentary (Dan Rawitch)

Here is the link to today's video:



FOMC, says... "Hold the course". There were a few strange comments in the minutes, but nothing that should surprise a smart trader. We are still sitting in a safe place technically..the Rollover induced GAP down does make it a bit more difficult to intererept the charts. I see sideways market stabalization, and then PERHAPS a run at the top. Unless...we get some surprising and great economic news.

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. All Market Commentary is provided via The Mortgage Coach and/or their RateWatch technology software.

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.

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