Daily Mortgage Interest Rate Updates, Trends & Projections: Mortgage Rate Update 4-16-13: Trends Projections & Today's Best Rates

Mortgage Rate Update 4-16-13: Trends Projections & Today's Best Rates

CPI Inflation was a little lower than expected, while Housing Starts came in higher than the consensus.  Mortgage Backed Security prices are down this morning but in a fairly tight range.  Prices are roughly 0.125 worse in fee today as a result.

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.  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!

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 Tuesday 4-16-2013 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 Monday with an IMPROVEMENT to pricing.  Monday's IMPROVEMENT netted a change of 12 basis points (bps).

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

 Today's Lowest Interest Rates - San Diego Residential Mortgage Specialist - Jason E Gordon - www.ApprovingSD.com

The following chart shows a summary of today's activity:

 Today's Best Interest Rates - San Diego Residential Mortgage Specialist - Jason E Gordon - www.ApprovingSD.com

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

 Today's Lowest Interest Rates - San Diego Residential Mortgage Specialist - Jason E Gordon - www.ApprovingSD.com

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

 Today's Lowest Interest Rates - San Diego Residential Mortgage Specialist - Jason E Gordon - 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.

Today's Lowest Interest Rates - San Diego Residential Mortgage Specialist - Jason E Gordon - www.ApprovingSD.com

Market Commentary (Neil Trenerry)

FNMA 30-Year:
2.5 Coupon: Open 100.2500 Change -0.3125
3.0 Coupon: Open 104.1094 Change -0.1719
3.5 Coupon: Open 106.2031 Change -0.1094
5 Year: Open 100.2266 Change -0.1172 Yield 0.7030
10 Year: Open 102.4688 Change -0.3438 Yield 1.7260
30 Year: Open 104.1875 Change -0.9375 Yield 2.9130
Key Economic Data
EUR/USD: Open 1.3127 Change 0.0093
GBP/USD: Open 1.5310 Change 0.0025
USD/JPY: Open 98.050 Change 1.30
Oil: Open 88.43
Key Economic Data:
ICSC Chain stores
Week-on-week: Actual -1.1%, Last 0.7%.
Year-on-year: Actual 2.0%, Last 2.1%.
CPI for Mar
mm. sa: Actual -0.2%, Consensus 0.0%, Last 2.1%.
yy. sa: Actual 1.5%, Consensus 1.6%, Last 2.0%.
Core mm. sa: Actual 0.1%, Consensus 0.2%, Last 0.2%.
Core yy. Nsa: Actual 1.9%, Consensus 2.0%, Last 2.0%.
Core index. NSA: Actual 232.77, Consensus 232.99, Last 232.17.
Index. NSA: Actual 232.76, Last 232.51.
Real weekly earnings for Mar: Actual 0.5%, Consensus 0.1%, Last -0.2%, Revised -0.3%.
Housing starts for Mar: Actual 1.036m, Consensus 0.930m, Last 0.917m, Revised 0.968m.
Building permits for Mar: Actual 0.902m, Consensus 940m, Last 0.939m, Revised 0.939m.
Month-on-month: Actual -2.7%, Last 0.7%.
Year-on-year: Actual 2.0%, Last 2.5%.
Industrial output for Mar: Actual 0.4%, Consensus 0.2%, Last 0.8%.
Capacity utilization for Mar: Actual 78.5%, Consensus 78.4%, Last 78.3%.
Last couple of days I have been having problems with my ThompsonReuters feed.
My position on MBS stays Neutral.

Market Commentary (Dan Rawitch)

Here is the link to today's video:
Great inflation number, but also better than expected housing starts will keep the market confused this morning. Add to that the horrible Boston bombing along with the DOW whipsaw and you may just end up going nowhere. Sideways most likely will be what we see today, although there could be some emotional swings during interday trading.

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 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



Gordon Mortgage Group - AmeriFirst Financial Inc.


Office: 619-200-8031

Email: jgordon@amerifirst.us



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Comment balloon 0 commentsJason E. Gordon • April 16 2013 11:27AM