Mortgage Rate Update 12-18-13: Trends Projections & Today's Best Rates

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

Mortgage pricing continues to move in the right direction as the market improves an additional 25 basis points yesterday.

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!

San Diego Mortgage Rates - Jason Gordon -

The Mortgage Street Smarts of where mortgage interest rates are going (and why):

The following information is current as of Wednesday 12-18-2013 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 following chart summarizes yesterdays market activity:

 San Diego Mortgage Rates - Jason Gordon Mortgage -

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

 San Diego Mortgage Rates - Jason Gordon Mortgage -

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

 San Diego Mortgage Rates - Jason Gordon Mortgage -

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.

 San Diego Mortgage Rates - Jason Gordon Mortgage -

Market Commentary (Neil Trennery)

3.0 - 0.0313 - 95.46875
3.5 - 0.0938 - 99.85938
4.0 - 0.1094 - 103.43750
UST 5 YR - 0.0781 - 98.72656 - 1.5180
UST 10 YR - 0.0000 - 98.89063 - 2.8790
UST 30 YR - -0.2188 - 97.18750- 3.9100
Euro 1.3741 - -0.0018
Pound 1.6275 - -0.0023
Yen 102.960 - -0.050
Light Crude
Last 97.59
Key Economic Data:
ICSC chain stories
WW: Actual 4.8%, Last -1.6%.
YY: Actual 2.0%, Last 1.5%.
CPI for Nov
MM, sa: Actual 0.0%, Consensus 0.1%, Last -0.1%.
YY, nsa: Actual 1.2%, Consensus 1.3%, Last 1.0%.
Core MM, sa: Actual 0.2%, Consensus 0.1%, last 0.1%.
Core YY, nsa: Actual 1.7%, Consensus 1.7%, Last 1.7%.
Index: Actual 233.07, Last 233.55.
Core Index: Actual 235.24, Last 234.88.
7:00: NAHB housing market index: Consensus 55, Last 54.
Treasuries rose, with benchmark 10-year yields falling the most in a week, before U.S. policy makers start a two-day meeting to decide whether to reduce their debt-buying program. Government notes remained higher after the cost of living in the U.S. was unchanged in November from a month earlier. U.S. securities due in a decade and more had fallen more than 11 percent in 2013 to yesterday, the biggest drop among 144 debt indexes tracked by Bloomberg and the European Federation of Financial Analysts Societies. The Treasury is scheduled to sell $32 billion of two-year debt today in the first of four note auctions this week. The most likely scenario is that if the Fed decides to do something, they will communicate a change of monetary policy at their January meeting, said Michael Markovich, head of global interest-rate research at Credit Suisse Group AG in Zurich. I would be surprised to see them entering the market in this period where we have less liquidity and people closing their books.
My position on MBS stays Neutral

Market Commentary (Dan Rawitch)

More good news for the economy and a slightly higher read on the Core rate of inflation, should be putting pressure on Bond prices. BUT...thus far this morning, this is not happening, and in fact, Bonds are showing some signs of strength. BUT..dont get too excited, because we have not broken out of the channel. The next few days are crucial for bonds...between what the Fed has to say tomorrow, followed by GDP on Friday, ANYTHING can happen right now.
I like the technicals at the moment, but that can change in a heartbeat if we fail to break out of the channel fairly quickly.

Here is today's video link:

Trusted Industry Advisor

San Diego Mortgage Rates - Jason 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


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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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