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 

Fueled by a few strong economic reports, our surprising rate spike pattern continued yesterday with a worsening of 27 basis points. Analysts are conflicted on predictions of this pattern ceasing or continuing. If you are closing escrow in the short term, it might be wise to bite the bullet and lo...
01/29/2013
We continue the disturbing trend of increasing mortgage rates starting a whopping 36 basis points worse than Friday's close (which was a negative 30 basis points for that day). Is the stock market overreacting to hints of recovery? This daily mortgage interest rate report is designed to provide B...
01/29/2013
We continue the disturbing trend of increasing mortgage rates starting a whopping 36 basis points worse than Friday's close (which was a negative 30 basis points for that day). Is the stock market overreacting to hints of recovery? This daily mortgage interest rate report is designed to provide B...
01/27/2013
News of progress related to the Fiscal-Cliff saga are putting mortgage rates in jeopardy. We are showing signs of turblence early...be ready to lock! This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at...
01/24/2013
The market was closed yesterday in honor of Dr. Martin Luther King.  Thus far today has been a strong gain of 12 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 given time and wha...
01/22/2013
Ouch! Some very tough news for mortgage rates were released this morning. Both jobless claims and housing starts were unexpectedly positive. We are already amidst a volatile day with more turbulence expected. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate ...
01/17/2013
The market opened on Wednesday 15 basis points higher than it closed on Tuesday, which ironicaly was exactly the net loss of Tuesday. Market Analysts continue to debate on which direction short term mortgage rates will move. The general consensus is to lock in these historicly low rates. This dai...
01/15/2013
After a fairly flat week of trading, mortgage rates finished on a slight rally to close the day up 15 basis points on Friday. Thus far today, we remain flat. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rate...
01/14/2013
Despite a sluggish morning, followed by an afternoon rally, Thursday's trading day ended with a nuetral result to where it originally opened. After yesterday's close, there was a Mortgage Backed Security (MBS) coupon rollover with a net effect of -26.94 basis points. This daily mortgage interest ...
01/10/2013
Wednesday ended with a mini-rally to close the market at a comfortable 12 basis point improvement.  Thus far this morning, we are slightly worsening with a 3 basis point drop. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data re...
01/10/2013
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Jason E. Gordon

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