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!



Despite an early rally in stocks, it has been a relatively quiet morning thus far for Mortgage Backed Securities. No economic data will be released today, so all signs point to a relatively flat afternoon.Compared to Tuesday's closing, the market has opened with a 0.125 worsening to the Points/Cr...
Volatile day thus far for Mortgage Backed Securities.  Despite a rough opening, we have had a mid-day pricing improvement given the declines in stocks!Compared to Tuesday's closing, the market has opened with a 0.125 worsening to the Points/Credits associated with any given interest rate option (...
It has been another volatile morning. Bonds have rallied while stocks are declining. The ADP estimate for private sector job growth in January was 205K, above the consensus of 190K.  Additionally, ISM Services came in below expectations.Compared to Monday's closing, the market has opened with a 0...

Jason E. Gordon

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