Daily Mortgage Interest Rate Updates, Trends & Projections: January 2013

Mortgage Rate Update 1-30-13: Trends Projections & Today's Best Rates

Fueled by a few strong economic reports, our surprising rate spike pattern continued yesterday with a worsening of 27 basis points. Analysts are conflicted on predictions of this pattern ceasing or continuing. If you are closing escrow in the short term, it might be wise to bite the bullet and lock in your pricing before any potential worsenings continue.

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 www.JasonGordon.info 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 - www.jasongordon.net

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

The following information is current as of Wednesday 1-30-2013 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 Tuesday with a WORSENING to pricing (and will typically warrant a pricing adjustment by most Lenders). Tuesday's WORSENING netted a change of 27 basis points (bps).

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

Best Mortgage Rates in San Diego - Jason E Gordon, San Diego Residential Mortgage Specialist, www.ApprovingSD.com

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

Best Mortgage Rates in San Diego - Jason E Gordon, San Diego Residential Mortgage Specialist, www.ApprovingSD.com

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

Best Mortgage Rates in San Diego - Jason E Gordon, San Diego Residential Mortgage Specialist, www.ApprovingSD.com

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 - Jason E Gordon, San Diego Residential Mortgage Specialist, www.ApprovingSD.com 

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 www.jasongordon.net or www.ApprovingSD.com or more information.

Click here for daily mortgage interest rate updates and projections for San Diego's best mortgage rates

For more information on topics like this, please feel free to visit www.GordonMortgage.com (an educational resource for Borrowers, Real Estate Agents, and Financial Professionals). Educational content provided by:

 

Jason E. Gordon

Branch Manager | Sr. Mortgage Loan Officer

CMPS, CDLP, RCS-D, CDPE, CMHS, CMC, NMLS 259027

 

Gordon Mortgage Group - AmeriFirst Financial Inc.

 

Office: 619-200-8031

Email: jgordon@amerifirst.us

www.GordonMortgage.com

 

11260 El Camino Real, Ste. 100, San Diego, CA 92130

 

What People Are Saying About Jason Gordon

 Not all Mortgage Lenders are alike! Find out what Clients, Real Estate Agents and other Financial & Legal Professionals have to say about Jason Gordon.

 

 

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.

 

 

Successful Realtors embrace technology to help market properties and themselves. This video summarizes a few of the tools the team at GORDON MORTGAGE GROUP (powered by AmeriFirst Financial Inc.) provide their Realtor Partners on a daily basis. Contact us today to learn more!

 

 

Recommended Links:

 

To see if you qualify (and to obtain a current market interest rate quote), click here for a secure online loan application form.

 

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. 

 

CLICK HERE TO READ CLIENT & REALTOR TESTIMONIALS

 

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Comment balloon 0 commentsJason E. Gordon • January 30 2013 06:11AM
Mortgage Rate Update 1-30-13: Trends Projections & Today's Best…
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Fueled by a few strong economic reports, our surprising rate spike pattern continued yesterday with a worsening of 27 basis points. Analysts are conflicted on predictions of this pattern ceasing or continuing. If you are closing escrow in the short… more
Mortgage Rate Update 1-29-13: Trends Projections & Today's Best…
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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… more
Mortgage Rate Update 1-28-13: Trends Projections & Today's Best…
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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… more
Mortgage Rate Update 1-24-13: Trends Projections & Today's Best…
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Mortgage Rate Update 1-16-13: Trends Projections & Today's Best…
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The market opened on Wednesday 15 basis points higher than it closed on Tuesday, which ironicaly was exactly the net loss of Tuesday. Market Analysts continue to debate on which direction short term mortgage rates will move. The general consensus is… more
Mortgage Rate Update 1-14-13: Trends Projections & Today's Best…
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After a fairly flat week of trading, mortgage rates finished on a slight rally to close the day up 15 basis points on Friday. Thus far today, we remain flat. This daily mortgage interest rate report is designed to provide Borrowers & Real… more
Mortgage Rate Update 1-11-13: Trends Projections & Today's Best…
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Despite a sluggish morning, followed by an afternoon rally, Thursday's trading day ended with a nuetral result to where it originally opened. After yesterday's close, there was a Mortgage Backed Security (MBS) coupon rollover with a net effect of.. more
Mortgage Rate Update 1-10-13: Trends Projections & Today's Best…
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Wednesday ended with a mini-rally to close the market at a comfortable 12 basis point improvement. Thus far this morning, we are slightly worsening with a 3 basis point drop. This daily mortgage interest rate report is designed to provide… more