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 

Another tough morning for mortgage rates.  Stronger than expected Manufacturing Data and Consumer Sentiment Data hurt Mortgage Backed Security pricing today. As we have seen lately, the reaction to today's economic was more extreme than usual. This daily mortgage interest rate report is designed ...
05/31/2013
Mortgage Backed Security prices moved lower this morning, but climbed after worse than expected Jobless Claims data. Pending Home Sales also came in weaker than expected. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regardi...
05/30/2013
The recent "pain in the market" continued yesterday with an astounding 99 basis point deterioration to mortgage pricing. In early trading today, we are seeing signs of light (with a modest 16 point gain). That said, we have a bunch of work to do in order to erase some of the recent losses. This d...
05/29/2013
We begin the week with more of the same bad news for mortgage rates.  Consumer sentiment data has once again hurt Mortgage Backed Security prices this morning (although it is doing wonders for the stock market). This daily mortgage interest rate report is designed to provide Borrowers & Real Esta...
05/28/2013
The disturbing rate increases appear to be continuing as the market has lost an early 31 basis points heading into the weekend. Most Analysts continue to question the validity of this trend, as we all hope for a strong reversal next week. This daily mortgage interest rate report is designed to pr...
05/24/2013
Devastating day for rates yesterday with a whopping 103 basis point spike! Expert market commentary is listed below to help decipher the "why" behind the changes, along with "what to expect" moving forward. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Pr...
05/23/2013
Ugggh, another bad day thus far! Federal Reserve Chairman Ben Bernanke's speech before Congress led to early gains until he hinted that the Fed might be tapering its buying of Mortgage Backed Securities sooner than expected. This daily mortgage interest rate report is designed to provide Borrower...
05/22/2013
Yet another disappointing day on Monday with a net loss of 33 basis points.  Tuesday morning however, has opened with some promise, as we find ourselves currently up 37 basis points. Let's cross our fingers for more momentum in this direction! This daily mortgage interest rate report is designed ...
05/21/2013
Friday was an extremely disappointing day for mortgage rates, ending with a 52 basis point worsening.  Lender's throughout the country raised their costs (and/or decreased their credits) 0.375-0.500 across the board.  This daily mortgage interest rate report is designed to provide Borrowers & Rea...
05/20/2013
After another tough day in the market yesterday, we are off to a strong start (with an early 30 basis point improvement). 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 tre...
05/16/2013
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Jason E. Gordon

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