Daily Mortgage Interest Rate Updates, Trends & Projections: December 2015

Mortgage Rate Update 12-7-2015: Trends & Projections

On the heals of a very disappointing run in mortgage rates last week, we begin this week on the right path. Read below on what to expect as the week progresses.

Compared to Friday's closing, the market has opened with a 0.125 IMPROVEMENT to the Points/Credits associated with any given interest rate option.

This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Professionals 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 www.JasonGordon.info 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 - www.JasonGordonMortgage.com

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

The following information is current as of Monday 12-7-2015 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 IMPROMVEMENT netted a change of 25 basis points (bps).

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

San Diego Mortgage Professional - Jason Gordon - www.GordonMortgage.com

The following chart summarizes today's market activity:

San Diego Mortgage Professional - Jason Gordon - www.GordonMortgage.com

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

San Diego Mortgage Professional - Jason Gordon - www.GordonMortgage.com

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

San Diego Mortgage Professional - Jason Gordon - www.GordonMortgage.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 scenario involving a 740+ credit score, 25% down payment, owner occupied, single family residence, with impound account, with a loan amount up to $417,000 to accompany this pricing.

It bears noting that this chart does not necessarily represent today's best mortgage rates.

San Diego Mortgage Professional - Jason Gordon - www.GordonMortgage.com

Beware of relying on Interest Rate Quotes like the one above!  



Market Commentary (Neil Trenerry)

Market Update
FNMA in 32s
Cpn 2.5 Chg -0.106 Bid 96.14
Cpn 3.0 Chg 0.026 Bid 100.06+
Cpn 3.5 Chg 0.026 Bid 103.13+
Cpn 4.0 Chg 0.036 Bid 106.013
Treasury in 32s
UST 5 YR Chg 0.016 Bid 99.20+ Yield 1.6989
UST 10 YR Chg 0.006 Bid 99.270 Yield 2.2667
UST 30 YR Chg 0.076 Bid 100.02+ Yield 2.9952
Bank Rates
Discount 0.75%
Fed Funds 0.25%
Prime 3.25%
Euro Bid 1.08100
Pound Bid 1.50707
Yen Bid 123.395


12:00: Consumer Credit for Oct: Consensus $19.000b, Last $28.918b.


My position on MBS:
Short term Changes to Neutral.
Long term Stays Short.
Long = I anticipate pricing to improve which leads to lower Rates.
Neutral = Market should stay close to open plus or minimums 25bps.
Short = I anticipate pricing to weaken which leads to higher Rates.
Short term = 1 - 2 days out
Long term = 30+ days out



Market Commentary (Dan Rawitch)


This morning we've hit the 50% retracement level I promised last week. This level (100.30) is also a key point of resistance which I dont know if we will be able to break through until next weeks FED meeting. Although, the DOW is currently off 180 points and further declines could drive a flight to quality and drive bond prices higher. Unless this does happen on the equity market side, I would consider the current level to be the top of the range and lock accordingly.  Click here for more information.


Trusted Industry Advisor

Jason Gordon Mortgage - www.GordonMortgage.com

The above information was compiled and distributed by San Diego Residential Mortgage Specialist, Jason 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) Certified Mortgage Coach (CMC), and Certified Military Housing Specialist (CMHS), 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.GordonMortgage.com or www.CrossApproval.com or more information.

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



Gordon Mortgage Group - AmeriFirst Financial Inc.


Office: 619-200-8031

Email: jgordon@amerifirst.us



11440 W. Bernardo Court, Ste. 300, San Diego, CA 92127


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Comment balloon 0 commentsJason E. Gordon • December 07 2015 09:14AM
Mortgage Rate Update 12-7-2015: Trends & Projections
On the heals of a very disappointing run in mortgage rates last week, we begin this week on the right path. Read below on what to expect as the week progresses. Compared to Friday's closing, the market has opened with a 0. 125 IMPROVEMENT to the… more