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

2014 

We have had a huge batch of economic data released today ahead of the Thanksgiving holiday, but so far the reports have had little impact on Mortgage Backed Securities. Durable Orders & Jobless Claims both came in higher than expected, while Personal Income, Chicago PMI, New Home Sales Index, and...
11/26/2014
Our rate volatility will likely have a reprieve today as there is no economic data due to be released for the rest of the day. Compared to Friday's closing, the market has opened with a 0.125% IMPROVEMENT to the Points/Credits associated with any given interest rate option. This daily mortgage in...
11/21/2014
With little economic news, Mortgage Backed Securities drifted lower this morning. There will be no loans locked tomorrow in observation of Veteran's Day. Compared to Friday's closing, the market has opened with a 0.125% WORSENING to the Points/Credits associated with any given interest rate optio...
11/10/2014
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Jason E. Gordon

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