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 

Concerns over the failure to resolve the fiscal cliff saga continue to push stocks down (which bodes well for mortgage rates). Keep alert to any positive news involving a resolution to this looming cliff as it will likely drive mortgage rates up sharply! If you are applying for a mortgage loan, i...
12/28/2012
As speculation over the infamous fiscal cliff reaches its final days, we continue to remain in a constant state of flux in terms of the direction of mortgage rates. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding whe...
12/26/2012
Light trading day in preparation for the holiday break. The market has been a bit bumpy this morning, but is not likley to swing too sharply today. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at a...
12/24/2012
Expect a fairly bumpy day today with economic data trickling out from the University of Michigan numbers. 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 propelli...
12/21/2012
After a couple of rough days, we have seen a slight bounceback due to higher than expected jobless claims (an obvious correction from the previous reports suggesting unusually strong jobless recovery so soon after Hurricane Sandy). This daily mortgage interest rate report is designed to provide B...
12/20/2012
Another tough day for mortgage rates on Tuesday with a net result of a 24 basis points worsening. Several Lenders throughout the country posted mid-day pricing adjustments (increasing the cost of interest rates 0.125- 0.250 points). This daily mortgage interest rate report is designed to provide ...
12/18/2012
Interest rates are on the rise! For the second day in a row, we are seeing a significant worsening to interest rates. If you are closing escrow soon, it might be a great time to lock in your interest rate! This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Pro...
12/18/2012
Recently listed! Don't miss out on this opportunity to buy a 3 Bed Gated Community Golf Course View Home For Sale. Located in the Chapala in Oaks North community and priced to sell quickly at only $569,000, we anticipate multiple offers. This 3 Bed Gated Community Golf Course View Home For Sale f...
12/17/2012
Amidst a somber day on Friday, the market closed down 3 basis points.  Monday's opening has been fairly flat early.  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 a...
12/17/2012
Lower than expected unemployment figures are contributing to a slight market rally (which has slightly increased the cost of mortgage rates). Consider locking in any loans which are currently floating! This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesi...
12/13/2012
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Jason E. Gordon

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