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 

Although the market is closed today in observance of Good Friday, a market summary is listed below. 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 cur...
03/29/2013
Pending home sales came in lower than expected. Concerns about Italy have helped Mortgage Backed Security prices this morning.  There will be a 5 Year Treasury auction later this morning. Note that the bond markets close early tomorrow, and are closed on Friday (in observance of Good Friday). Thi...
03/27/2013
The Cyprus banking crisis continues to create quite a stir in the market causing early volatility.  Some Analysts are cautioning a possible need to lock pricing before the end of the day. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with fac...
03/26/2013
No economic data will be released today. Investors remain focused on the progress of Cyprus again today. 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 propellin...
03/22/2013
Our mini-run came to a screeching halt yesterday with a whopping 30 basis point market deterioration. Jobless claims came in a little lower than expected, while existing home sales came in fairly close to expectations.  No further economic data will be released today. This daily mortgage interest...
03/21/2013
We seem to have temporarily halted our pleasant trend of rate improvements (by opening 15 basis points down from yesterday's close). 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 a...
03/19/2013
After a fairly disappointing spike in interest rates, we appear to be on a positive trend causing rates to steadily improve. If you have a loan in process, it might be a good time to consider locking. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesio...
03/19/2013
No economic data will be released today.  This morning, Investors are focused on the news of a controversial EU bailout for Cyprus, which has helped Mortgage Backed Securities (MBS) prices. Prices are on average 25 basis points better than where we ended on Friday. This daily mortgage interest ra...
03/18/2013
The Producer Price Index (PPI) matched expectations, while stronger than expected Jobless Claims data has hurt Mortgage Backed Security prices this morning. There will be a 30 year Bond Treasury Auction later this morning. Prices opened roughly 0.125 worse in fee this morning as a result. This da...
03/14/2013
Stronger than expected Retail Sales turned small early gains into losses this morning after a slightly improved market yesterday. There will be a 10 Year Treasury Auction later this morning which might move rates this afternoon. This daily mortgage interest rate report is designed to provide Borr...
03/13/2013
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Jason E. Gordon

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