Mortgage Street Smarts

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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!

ARCHIVED BLOG POSTS

2012 

HELPFUL TIP: With the recent drop in interest rates, many Borrowers are able to "roll down" the interest rate on their current mortgage while having the Lender pay all of their costs in the process. For more information on how this process works, feel free to contact the author of this daily mort...
09/28/2012
After a seemingly positive day on Wednesday, we saw a slight late afternoon dip, which resulted in a "neutral result" (PAR finish) as the market closed yesterday.  Thus far today, we find ourselves in positive territory. Some Analysts predict an improvement in rates today. This daily mortgage int...
09/25/2012
Mortgage rates continue to improve...how long will this last? Monday closed with a solid 15 point gain, making it 5 business days in a row with positive movement for the consumer! This daily mortgage interest rate report is provided to equip Borrowers & Real Estate Profesionals with factual data ...
09/24/2012
The market closed in consumer-friendly fashion last Friday with a whopping 33 basis point improvement. We are continuing to see improved pricing pertaining to mortgage rates, which might allow many consumers to roll down to lower rates on their mortgages while taking advantage of no-cost refinanc...
09/24/2012
Another turbulent day for mortgage rates yesterday with pricing in negative territory nearly the entire day.  In heroic fashion, rates burst into positive territory just in time for the closing bell.  Thus far today, we remain in positive territory with a healthy 18 basis point improvement. Quest...
09/21/2012
After a strong opening this morning, we have seen plenty of early turblence. Among the recent reports moving the market are the fact that new housing construction rose in August, improved at the most impressive pace of single family home starts in over 2 years. This report is another sign on an i...
09/20/2012
After last Thursday's banner improvement day, we have seen mortgage pricing gradually increase with 51 & 15 basis point worsenings on Friday and Monday respectively. This daily mortgage interest rate report is provided to equip Borrowers & Real Estate Profesionals with factual data regarding wher...
09/18/2012
Last week concluded with monumental shifts on both Thursday (for the better) and Friday (for the worse). As this article is published, we are at "PAR" for the day, with much speculation over where rates will go this week. Overall, we have seen a signifcant improvement (so consider locking your ra...
09/17/2012
Wow, truly an historic day for mortgage rates yesterday! In light of the messages conveyed at the Fed Meeting, mortgage rates sharply spiked and subsequently dipped repeatedly all morning, sending mortgage professionals and borrowers into panic mode. Those who waited out the turbulence until the ...
09/14/2012
Today might be a pivotal day for mortgage rates as the Fed will meet later this afternoon and provide an updated policy statement. We've seen a sharp increase in weekly jobless claims along with significant increases in wholesale inflation. This daily mortgage interest rate report is provided to ...
09/13/2012
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Jason E. Gordon

Sr. Loan Officer, CMPS, CDLP, CDRE, RCS-D, CDPE
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