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 

The conflict in Syria is among the influencers of the most recent market volatility. Rough opening today, but we are currently bouncing back. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any giv...
08/29/2013
Interest rates are quietly improving over the past couple of days. Although we have some major ground to make up, this most recent trend is promising. See below for details. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data rega...
08/27/2013
Last week, mortgage rates hit their highest point in the last 24 months...then on Friday, they promptly improved a whopping 67 basis points. We begin this week cautiously building off Friday's trend. Fingers crossed...! The charts below tell quite a story. This daily mortgage interest rate report...
08/26/2013
We are off to a banner start for today as the market is improving rapidly!  Stay tuned for more updates, but today could be the beginning of a turnaround for rates! This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding whe...
08/23/2013
On the heals of a rough day for rates (69 basis point worsening), Jobless Claims came in slightly higher than expected this morning which has caused early market volatility. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data rega...
08/22/2013
After a slight improvement to rates yesterday, we appear to be sliding back down in early trading.  Existing Home Sales came in stronger than expected. The market is off 13 bps, and today's FOMC Minutes might be a market mover. This daily mortgage interest rate report is designed to provide Borro...
08/21/2013
Surprising economic adversity in India is significantly hurting the Rubee. The ripple effect back to America is positive for mortgage rates, as we opened strongly today...effectively erasing the carnage from yesterday. That said, it is early...and the market remains highly volatile. This daily mo...
08/20/2013
Recent positive economic reports are fueling speculation that the Government will increase their pursuit of tapering, especially with the next Fed Meeting scheduled for tomorrow. Unfortunately, we are beginning the new week much the same as the way we ended last week...with more expensive mortgag...
08/19/2013
Housing Starts came in close to expectations, while Productivity Data came in higher than expected and Consumer Sentiment lower. There was little reaction to the news. Overall, rates have been on a rough trend, with more forecasted in the coming days. This daily mortgage interest rate report is d...
08/16/2013
Very bad news for mortgage rates today as claims for jobless benefits unexpectedly dropped last week to the lowest levels in nearly 6 years, which indicates a healing economy. Although this news is great for America's economy, it is devastating for mortgage rates. As a result of this data, the ma...
08/15/2013
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Jason E. Gordon

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