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!
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Another quiet day with respect to the release of economic reports. Recent trends have been fairly flat despite small ripples in either direction as of late.Compared to yesterday's closing, the market has opened with a 0.125 worsening to the Points/Credits associated with any given interest rate ...
Mortgage Backed Securities have declined this morning following a down afternoon yesterday. The JOLTS report was near last month's levels. No further economic data will be released today.Compared to yesterday's closing, the market has opened with a 0.125 - 0.250 worsening to the Points/Credits as...