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 

Mortgage pricing has opened about 0.375 "worse" to the points/credits associated with each interest rate due to continued optimism over a proposed debt ceiling. We have had a fairly volatile morning thus far. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate ...
10/15/2013
Last Friday was a fairly tough day for mortgage rates, as the market saw a "worsening" of 31 basis points.  In observance of Columbus Day, the market is closed today.  This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding ...
10/14/2013
Strong day yesterday for mortgage rates as the market improved by 34 basis points.  Most Lenders across the country posted mid-day pricing improvements of 0.250 - 0.375 to all points/credits associated with each particular interest rate. This daily mortgage interest rate report is designed to pro...
10/11/2013
Mortgage rates climbed slightly overnight due to the combination of weekly jobless claims climbing far above expectations, and indications of progress towards ending the Government shutdown. Pricing opened roughly 0.250 - 0.375 worse for all points/credits associated with each available interest ...
10/10/2013
In a move that is considered "good news for mortgage rates" a White House official has indicated that Janet Yellen will be nominated to the lead the Federal Reserve (which leads to anticipation that the central bank will continue to keep borrowing costs low for the foreseeable future). This daily...
10/09/2013
  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 day. Feel free to browse the library and research historical ra...
10/08/2013
Although pricing opened today with a slight improvement over Friday's close, a mid-day "worsening" to pricing was published from Banks across the country this afternoon. On average, pricing got 0.125 - 0.250 worse to the points/credits for each interest rate. This daily mortgage interest rate rep...
10/07/2013
Friday was a fairly quiet day since the employment report scheduled today was delayed (due to the Government shutdown).  The market closed with a slight 6 basis point worsening from where it opened. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesiona...
10/04/2013
The ripple effects of the Government Shutdown continue to move throughout the economy. Mortgage rates are slightly improving this morning, but overall uncertainty remains... This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data rega...
10/03/2013
The Government shutdown has not had any immediate effect on mortgage rates as speculation leading up to today had already "priced into the market" the changes. With that said, the ripple effect of the shutdown might still drive the market to significant mid-day changes this week. This daily mortg...
10/01/2013
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Jason E. Gordon

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