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

2013 

Much of Monday's gains were erased yesterday with the market spending nearly the entire day in negative territory. The net result was a loss of 27 basis points. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where r...
02/27/2013
Tough day in the market today as we lost a total of 27 basis points. 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 gi...
02/27/2013
GREAT DAY for mortgage rates yesterday! After a sluggish start, mortgage pricing steadily improved throughout the day, ending with a whopping 70 basis point improvement! This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regardin...
02/26/2013
Last week finished nicely with a Friday rally which ended in a 12 basis point improvement. We are certainly hoping for this trend to continue as we close out the month of February. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual da...
02/24/2013
The Truth Behind Mortgage Rates. At last, someone is willing to tell the truth with 10 valuable lessons below!  I know of no other industry which spends more money on deceptive advertising aimed at confusing their end users than Banks, Credit Unions, and Mortgage Companies. To learn more about Th...
02/23/2013
Below is a simple lesson on how to read the charts associated with the Mortgage Rate Updates & Projections reports which can be found at www.JasonGordon.info nearly every business day. If you are pursuing a mortgage (or helping to refer someone in need of a mortgage), it is highly recommended tha...
02/23/2013
An early rally yesterday morning gave promise to what might end up being a banner day for mortgage rates. Sadly, the jubilation was short-lived, with the day ending exactly where it began. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with fa...
02/21/2013
After some initial concern over specific comments at yesterday's FED Meeting, we had a slight market rally late in the day to finish with a 12 basis point improvement. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding ...
02/21/2013
Today's FED meeting caused quite a stir. Among the highlights of today's meeting were the following: Employment had continued to expand at a moderate pace, but the unemployment rate remained elevated Members saw the economic outlok as relatively little changed since the previous meeting The Commi...
02/20/2013
The market was closed yesterday in observation of President's Day.  Despite a strong start to today's trading, we ended the day on a skid, losing a net of 12 basis points. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regard...
02/19/2013
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Jason E. Gordon

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