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 

Consensus opinions seem to gravitate towards current rates being about as good as we will see.  The ongoing advice is to lock in these low rates immediately. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rate...
04/30/2013
We are off to a fairly flat start this morning.  With no major economic reports due today, we are likely looking at a somewhat neutral day in trading. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are a...
04/29/2013
Weaker than expected Existing Home Sales data listed Mortgage Backed Securities.  No additional economic date will be released today.  Pricing is on average +/- 0.125 from where the market closed on Friday. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Pr...
04/22/2013
The truth about residential property appraisals is often a topic of heated debate.  The following tips have been compiled by various Appraisers in the hope of dispelling some of the common myths about appraisals, while offering clarity on a very important element of the home buying (or refinancin...
04/20/2013
No economic data will be released this morning.  Prices are +/- 0.125 from where we closed yesterday evening.  Mortgage Backed Security pricing is slightly down thus far today. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data r...
04/19/2013
CPI Inflation was a little lower than expected, while Housing Starts came in higher than the consensus.  Mortgage Backed Security prices are down this morning but in a fairly tight range.  Prices are roughly 0.125 worse in fee today as a result. This daily mortgage interest rate report is designe...
04/16/2013
Retail sales and consumer sentiment came in much weaker than expected.  Pricing improved +/- 0.25 basis points as a result. 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 t...
04/12/2013
Jobless claims came in lower than expected causing Mortgage Backed Securities to have a volatile but positive morning. There will be a 30 Treasury Auction later this morning.  Pricing is +/- 0.125 compared to yesterday's closing. This daily mortgage interest rate report is designed to provide Bor...
04/11/2013
Alarming opening to pricing today with a 54 basis point spike. 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 given da...
04/09/2013
After a strong opening on Friday, we have lost ground.  Rates have continued to spike today causing most Lenders to post mid-day pricing adjustments (for the worse). This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding wh...
04/08/2013
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Jason E. Gordon

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