Mortgage Rate Update 1-22-14: Trends & Projections

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

After a down afternoon yesterday, combined with little news this morning, Mortgage Backed Securities have declined throughout the day.  The net result is approximately 0.250% - 0.375% WORSE to the points/credits associated with any given interest rate option.

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 1-22-2014 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 Tuesday with a NEUTRAL RESULT to pricing. Tuesday's NEUTRAL RESULT netted a change of 0 basis points (bps).

(Note: Upward activity on these charts is GOOD, downward activity is BAD)

Best Mortgage Rates in San Diego -

The following chart summarizes todays market activity:

Best Mortgage Rates in San Diego -

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

 Best Mortgage Rates in San Diego -

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

Best Mortgage Rates in San Diego -

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 -

Market Commentary (Neil Trenerry)

Cpn 3.0 Chg -0.1563 Bid 96.07813
Cpn 3.5 Chg -0.1406 Bid 100.42188
Cpn 4.0 Chg -0.1250 Bid 103.92188
UST 5 YR Chg -0.1641 Bid 99.14063 Yield 1.6820
UST 10 YR Chg -0.1406 Bid 99.18750 Yield 2.8450
UST 30 YR Chg -0.0469 Bid 100.01563 Yield 3.7490
Euro Bid 1.3567 Chg 0.0009
Pound Bid 1.6566 Chg 0.0090
Yen Bid 104.420 Chg 0.130
Light Crude
Last 95.79
Key Economic Data:
Mortgage Market
Index: Actual 404.1, Last 386.1.
Purchase: Actual 184.8, Last 191.7.
Refinance: Actual 1682.1, Last 1530.3.
30-yr Rate: Actual 4.57%, Last 466%.
ICSC chain stories
WW: Actual -1.9%, Last -1.0%.
YY: Actual 0.9%, Last 1.3%.
MM: Actual -0.2%, Last -0.3%.
YY: Actual 3.1%, Last 2.9%.
Treasuries fell for a second day as signs the U.S. recovery is accelerating boosted speculation the Federal Reserve will keep reducing its debt-purchase program. Benchmark 10-year yields climbed from almost a six-week low before data tomorrow that economists forecast will show manufacturing growth quickened this month and existing home sales rose in December. Treasury trading volume fell to the lowest in more than two weeks yesterday, according to ICAP Plc, and a measure of volatility declined. Fed policy makers meet next week after voting in December to trim bond purchases by $10 billion a month. The market is signaling the Fed is free to reduce another $10 billion, said Jim Vogel, head of agency-debt research at FTN Financial in Memphis, Tennessee. Theres been no obvious market revolt at tapering. Manufacturing is strong and the trend suggests it will keep getting stronger. The U.S. 10-year yield rose two basis points, or 0.02 percentage point, to 2.85 percent at 8:29 a.m. New York time, according to Bloomberg Bond Trader prices. The 2.75 percent note due November 2023 fell 5/32, or $1.56 per $1,000 face amount, to 99 5/32. The yield fell to 2.82 percent on Jan. 17, the lowest level since Dec. 11.
My position on MBS
Short term Neutral.
Long term Short.

Market Commentary (Dan Rawitch)

No news again today. We again tested resistance yesterday and not break out. I am not surprised by this. Not breaking out of resistance multiple times, can start having a negative impact in the minds of traders. If we see promise in the jobless claims and growth in the housing market, I'd be looking to run down and test the bottom of the range (as shown on my chart). Of course the oposite could also be true! Sideways markets become more and more difficult to predict.

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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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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