Mortgage Rate Update 8-26-13: Trends Projections & Today's Best Rates

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

Last week, mortgage rates hit their highest point in the last 24 months...then on Friday, they promptly improved a whopping 67 basis points. We begin this week cautiously building off Friday's trend. Fingers crossed...! The charts below tell quite a story.

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 over 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...share this report with those whom you care about!

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 8-26-2013 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 Friday with a SIGNIFICANT IMPROVEMENT to pricing.  Friday's SIGNIFICANT IMPROVEMENT netted a change of 67 basis points (bps).

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

Today's Best Mortgage Rates - Jason E Gordon - 

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

Market Commentary (Neil Trennery)

FNMA 30-Year:
3.0 Coupon: Open 94.4688 Change 0.3594
3.5 Coupon: Open 99.5938 Change 0.2656
4.0 Coupon: Open 103.0469 Change 0.2500
5 Year: Open 98.9609 Change 0.1250 Yield 1.6000
10 Year: Open 97.4219 Change 0.1719 Yield 2.7980
30 Year: Open 97.0625 Change 0.1406 Yield 3.7900
Key Economic Data
EUR/USD: Open 1.3384 Change 0.0002
GBP/USD: Open 1.5585 Change 0.0016
USD/JPY: Open 98.410 Change -0.330
Oil: Open 106.35
Key Economic Data:
Building permits for Jul: Actual 0.954m, Last 0.943m.
Durable Godds for Jul
Index: Actual -7.3%, Consensus -4.0%, Last 3.9%.
Ex-transports: Actual -0.6%, Consensus 0.5%, Last -0.1%, Revised 0.1%.
Ex-defense: Actual -6.7%, Last 2.8%, Revised 2.9%.
7:30: Dallas Fed mfg bus index for Aug: Last 4.40.
Treasuries rose after a government report showed orders for U.S. durable goods fell more than forecast last month. The benchmark 10-year yield fell from almost the highest level in two years as investors are weighing whether the economy is strong enough for the Federal Reserve to slow its bond-buying program, known as quantitative easing, next month. The U.S. will sell $98 billion in two-, five-and seven-year securities this week. It puts the Fed on notification -- are they getting ahead of a growing marketplace, or are they reading more into very good numbers, but not sustainable numbers? said Michael Franzese, senior vice president of fixed-income trading at ED&F Man Capital Markets in New York. We could chug along back to 2.72 percent. It may be a good buying opportunity if the Fed blinks at the September meeting.
My position on MBS changes to Long.
(short term view)

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.

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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Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Hey Jason-lots of good info packed into that post. Rates are definitely climbing now.

Aug 26, 2013 12:48 AM #1
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Thank you for the information on interest rates.  It is a time of change for sure.

Aug 26, 2013 12:55 AM #2
Jason E. Gordon
AmeriFirst Financial Inc, San Diego, CA - San Diego, CA
Sr. Loan Officer, CMPS, CDLP, CDRE, RCS-D, CDPE

Thanks Gentlemen. My whole goal is to provide transparency so our fellow clientele can make informed decisions based on facts...not clever marketing campaigns. Have a great week!

Aug 26, 2013 12:58 AM #3
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Jason E. Gordon

Sr. Loan Officer, CMPS, CDLP, CDRE, RCS-D, CDPE
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