Daily Mortgage Interest Rate Updates, Trends & Projections: Mortgage Rate Update 10-11-13: Trends Projections & Today's Best Rates

Mortgage Rate Update 10-11-13: Trends Projections & Today's Best Rates

Strong day yesterday for mortgage rates as the market improved by 34 basis points.  Most Lenders across the country posted mid-day pricing improvements of 0.250 - 0.375 to all points/credits associated with each particular interest rate.

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 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 Friday 10-11-2013 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 Thursday with a SIGNIFICANT IMPROVEMENT to pricing.  Thursday's SIGNIFICANT IMPROVEMENT netted a change of 34 basis points (bps).

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

Lowest Mortgage Rates in San Diego - www.JasonGordonMortgage.com 

The following chart summarizes the activity of today thus far:

 Lowest Mortgage Rates in San Diego - www.JasonGordonMortgage.com

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

 Lowest Mortgage Rates in San Diego - www.JasonGordonMortgage.com

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

 Lowest Mortgage Rates in San Diego - www.JasonGordonMortgage.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.

 Lowest Mortgage Rates in San Diego - www.JasonGordonMortgage.com

Market Commentary (Neil Trenerry):

FNMA 30-Year:
3.0 Coupon: Open 97.3438 Change 0.2813
3.5 Coupon: Open 101.4844 Change 0.2500
4.0 Coupon: Open 104.6406 Change 0.1719
5 Year: Open 99.8438 Change 0.0859 Yield 1.4080
10 Year: Open 98.6719 Change 0.2500 Yield 2.6540
30 Year: Open 98.5938 Change 0.5469 Yield 3.70030
Key Economic Data
EUR/USD: Open 1.3561 Change 0.0042
GBP/USD: Open 1.5964 Change 0.0001
USD/JPY: Open 98.230 Change 0.080
Oil: Open 101.08
Rates on Treasury bills maturing in October have fallen from their highest levels this week as officials in Washington show signs they may agree on a short-term extension to the U.S. governments borrowing authority. Securities due in November saw rates jump yesterday after House Speaker John Boehner of Ohio said he would offer a measure to postpone the deadline for Congress to lift the debt ceiling to Nov. 22 from Oct. 17. Ten-year notes headed for a two-week loss, signaling waning demand for the safety of bonds. Credit-default swaps insuring against losses on Treasuries were set for the biggest weekly decline in a month. The fact that its far from a done deal and it seems that were only talking about a six-week delay means certainly for the bond markets it doesnt amount to a great deal of relief, said John Wraith, a fixed-income strategist at Bank of America Corp. in London. Youve seen a small decline in the distress in late October Treasury bills but it has just spilled over into those maturing in November and December.
My position on MBS stays neutral.

Market Commentary (Dan Rawitch)

All the big news I was hoping to get a gander of was delayed. We did get to see Michigan Sentiment which was the lowest reading in all of 2013.
Our correction found support and now it appears to be headed back up to test the 101.50ish level. Be careful though. The market told us yesterday that a debt ceiling deal may be bearish for the market.
Here is today's video:

Trusted Industry Advisor

San Diego Mortgage Rates - Jason Gordon - www.JasonGordonMortgage.com

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



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


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Comment balloon 0 commentsJason E. Gordon • October 11 2013 08:52AM