Mortgage Street Smarts

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Mortgage and Lending - CMG Mortgage, 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 

No major economic data will be released today, but the results from the 3 year Treasury auction will come out later this morning. Weakness in global equity markets has helped Mortgage Backed Security prices slightly this morning with the market being up 9 basis points. This daily mortgage interes...
03/12/2013
Fairly uneventful day in terms of economic data being reported.  The net result was a slight worsening to the cost of rates by 6 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 gi...
03/11/2013
Mortgage Backed Securitiy prices are down again after a stronger than expected Employment Report. Against a consensus of 170,000 jobs added, there were actually 236,000 jobs added.  The net impact of this report dropped the unemployment rate from 7.9% to 7.7%. While good for the economy, this new...
03/08/2013
Jobless claims came in lower than expected, and an improving outlook for the labor market ahead of tomorrow's big Employment Report has continued to hurt Mortgage Backed Security (MBS) prices thus far this morning. This daily mortgage interest rate report is designed to provide Borrowers & Real E...
03/07/2013
We continue our slide upward rate trend with a market opening of 20+ basis points higher than where it closed yesterday afternoon. 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...
03/06/2013
After a fairly rocky day, we ended the day slightly below where we began (-3 bps). 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 pri...
03/05/2013
Last week's mortgage rate trends were fairly positive as we continue to watch the ripple effect of the developing Federal budget cuts. 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...
03/04/2013
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Jason E. Gordon

Sr Loan Officer, CMA, CMPS, CDLP, CDRE, RCSD, CDPE
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Author Bio: Jason Gordon is a Residential Mortgage Specialist in San Diego, CA. He combines ethics, education, and experience while helping Homebuyers and Homeowners to achieve their financial goals.View all AR Posts By Jason Gordon

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