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 

This daily mortgage interest rate report has been designed to provide you 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...
09/12/2012
As we take a moment to pause and reflect on the significance of this date in American history, we can too recognize the anniversary of one of the largest mid-day pricing adjustments the market has ever seen.  Currently the market has opened slightly worse than it began after a slight improvement ...
09/11/2012
Last week ended with back-to-back tough days for mortgage rates, which essentially negated the improvements from earlier in the week. Both days saw pricing worsen by over 20 basis points. Today has begun in turbulent fashion, with rates showing a slight improvement overall. This daily mortgage in...
09/10/2012
As suspected, yesterday we sharply broke our streak of mortgage pricing improvements. Despite a strong opening today, we again find ourselves currently down 12 basis points. Amidst an industry seemingly dedicated to spending their advertising dollars in an attempt to confuse thier clients, this d...
09/07/2012
Our streak of 4 days in a row of pricing improvements appears to be in jeopardy thus far today as the market is down 9 basis points. This daily report is provided to you each day as a resource to provide transparency to what is really happening with mortgage rates. Feel free to browse the library...
09/06/2012
3 Bedroom La Costa View Home has just been listed! Don't miss this great deal for a detached home near Carslbad, CA in the coveted community of La Costa, in the Alicante Hills gated community. With a square footage of 2,598 and lot size of 5,442 feet, this 3 Bedroom La Costa View Home provides mo...
09/05/2012
We're off to a great start for the new month with mortgage rates.  As of this morning, we are amidst the 4th straight day of positive movement for pricing. This daily report is provided to you each day as a resource to provide transparency to what is really happening with mortgage rates. Feel fre...
09/05/2012
What a great way to end the week as the Labor Day holiday weekend began on the heals of a 48 basis point improvement!  We are off to a strong start again today. Might want to hold off on locking until we see if this trend continues! This daily report is provided to you each day as a resource to p...
09/04/2012
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Jason E. Gordon

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