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

2016 

Quiet morning thus far for Mortgage Backed Security pricing...the Dow is up roughly 240 points.  Report on Consumer Confidence came in higher than expected. Fed Meeting tomorrow.Compared to Monday's closing, the market has opened with a 0.000 change to the Points/Credits associated with any given...
01/26/2016
Mortgage Backed Securities declined this morning following a rally in stocks and stronger than expected housing data.  Existing Home Sales came in above expectations.Compared to Thursday's closing, the market has opened with a 0.250 WORSENING to the Points/Credits associated with any given intere...
01/22/2016
China released its 4th Quarter GDP this morning, which was 6.8% (below expectations). For the year, it was 6.9% (the slowest pace in 25 years). The Stock Market has reacted favorably thus far as Investor expectations for additional stimul from the Chinese government have grown. NAHB Housing came ...
01/19/2016
The JOLTS report showed 5.43M job openings, an increase from last month. No further economic data will be released today.Compared to Thursday'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 interest...
01/12/2016
What interest rate changes can we expect in 2016? The market opened with an improvement due to concerns about the pace of economic grown in China and rising tensions in the Middle East.  Weaker than expected manufacturing data in China caused a selloff in Chinese equities which was followed by de...
01/04/2016
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Jason E. Gordon

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