Mortgage Street Smarts

Follow me
Mortgage and Lending - AmeriFirst Financial Inc, San Diego, CA - NMLS 259027
From a young age, we learn the difference between BOOK SMARTS (knowledge learned in the school classrooms) and STREET SMARTS (what we learn in the "Real World"...often the hard way). There are no shortage of websites providing the BOOK SMARTS of the Mortgage Industry, but there are very few resources a Consumer has to learn about the STREET SMARTS of the Mortgage Industry. Please feel free to SUBSCRIBE (for free) to this ongoing source of truthful knowledge (without the worry of a "sales spin" buried somewhere in the message). After all, we tend to make better decisions when armed with the facts...the purpose of this blog is to provide FACTS by teaching you the MORTGAGE STREET SMARTS necessary to run your business (if you are a Real Estate Professional) or to make the best decisions for your family (if you are a Consumer). Enjoy!



Mortgage Rates worsened slightly on Wednesday on a day that saw the market below par throughout the day.  Thus far today, we are looking better and appear to be poised to make back yesterday's losses, aided by  less-than-favorable employment numbers (stop me if you've heard this before). This dai...
For the second day in a row, interest rates have begun to creep back up. Currently, we are up 12 basis points for the day. Too much further momentum in this direction will likely trigger mid-day rate increases for many Lenders across the country. This daily report is provided to you each day as a...
The market has opened in fairly turbulent fashion this morning. According to at least one analyst, it is recommended to lock in pricing today for short term loans given a forecast for slight rate hikes later in the week. This daily report is brought to you in an effort to provide transparency wit...
The great rate improvements of last week came to a screeching halt on Friday with a whopping 36 point loss. Although rates are still hovering at historic lows, we are all hoping Friday's trend halts quickly.  Thus far, today's market is up 6 basis points. Did you know you have a free resource to ...
Should you lock in mortgage rates today?  This week's rally took a turn for the worse yesterday afternoon, only to continue this morning.  Today might be a great day to lock-in rates for short term financing now that we have gained back some of last week's losses. Did you know you have a free res...
Yesterday was a banner day for mortgage rates (in favor of the Consumers). We had a whopping 49 basis point improvement which caused the market to repeatedly re-price mortgage rates for the better!  We have already opened today with additional improvements.  Did you, or someone you know "panic lo...
Fingers crossed...have we turned the corner on this recent mortgage rate spike? Today the market opened 34 basis points higher than yesterday evening's close. Since then we have gained another 9 bps! Look no further than the charts below to familiarize yourself with how rapidly interest rates can...
Yesterday was the 2nd bounce-back day in a row for mortgage rates after a tough week.  Thus far this morning, we are resting at the PAR level despite some turbulent activity early.  Who do you know who is shopping for a mortgage? Are they relying on a catchy slogan from a radio or television adve...
Hopefully Friday's trend reversal was the beginning of a series of mortgage rate improvements.  Rates are improving again this morning, but will need to make a pretty strong run in order to make up for the recent spike. When shopping for a mortgage, make sure to arm yourself with the facts about ...
Ouch, what a tough week for mortgage rates! As the charts below display, there are a ton of "red candlesticks" over the past week which indicate that mortgage rates have been on the rise. Have we officially bottomed out, or will we see another drop? So if interest rates have bottomed out, and pur...

Jason E. Gordon

Sr. Loan Officer, CMPS, CDLP, CDRE, RCS-D, CDPE
Ask me a question
Spam prevention

Additional Information