first time homebuyer loans: Mortgage Rate Update: 12-1-16 - WORST DAY IN LAST 3 MONTHS! - 12/01/16 10:53 AM
Just when you thought the recent spike in mortgage rates would stop, we are continuing to get worse! Today is the worst day for mortgage rates in the last 3 months! MBS began with small losses and quickly moved lower. Ironically enough, weekly Jobless Claims rose to 268K above the consensus of 255K (you would think this would improve mortgage rates).
Compared to Wednesday's closing, the market has opened with a 0.250 WORSENING to the Points/Credits associated with any given interest rate option. Since this poor opening, we have had a mid-day pricing adjustment, which has made pricing even worse by 0.125 - 0.250 … (2 comments)

first time homebuyer loans: Mortgage Rate Update 4-7-2015: Trends and Projections - 03/16/15 04:39 AM
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 associated with any given interest rate option.
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 rate updates dating back over … (1 comments)

first time homebuyer loans: How To Calculate an FHA Mortgage Payment - 02/15/14 04:51 AM
How to calculate an FHA mortgage payment has evolved again, now that the most recent Monthly Mortgage Insurance changes have been implemented via HUD Mortgagee Letter 2013-04 (13-04)

How to calculate an FHA mortgage payment
 
Step 1: Determine the loan amount

Purchase Price x .965 = Base Loan Amount (assuming the Borrowers opt for the minimum 3.50% down payment)
Base Loan Amount x .0175 = Up Front Mortgage Insurance Premium (UFMIP)
Base Loan Amount + UFMIP = Final Loan Amount

Step 2: Determine the monthly payment
       1.    Principal + Interest Payment Calculation
• Click here to … (5 comments)

first time homebuyer loans: Mortgage Rate Update 11-5-12: Trends Projections & Today's Best Rates - 11/04/12 11:06 PM
How is the market responding the day before elections? So far, so good!  After a strong improvement on Friday, we find ourselves back on the same pace today with a 21 basis point gain in early trading. Today might be a great day to lock in your rates!
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 rate updates dating back nearly 2 … (1 comments)

first time homebuyer loans: Mortgage Rate Update 11-2-12: Trends Projections & Today's Best Rates - 11/02/12 03:21 AM
The market has opened today with a strong start.  We are currently up 33 basis points!
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 rate updates dating back nearly 2 years at www.JasonGordon.info whenever desired.  Also, make sure to learn about THE TRUTH BEHIND MORTGAGE QUOTES to better understand the relationship between up-front closing costs and mortgage interest rates so you don't … (0 comments)

first time homebuyer loans: Mortgage Rate Update 11-1-12: Trends Projections & Today's Best Rates - 11/01/12 01:23 AM
Although the market officially re-opened yesterday, pricing remained "flat" throughout most of the afternoon as logistical challenges back east continue to be prevalent due to Hurricane Sandy. Some Analysts expect some "major swings" during the remainder of the week. If you have a loan that is closing soon, it might be best to take a precautionary stance and lock-in today.
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 … (0 comments)

first time homebuyer loans: Mortgage Rate Update 10-15-12: Trends Projections & Today's Best Rates - 10/15/12 06:50 AM
Just before the final bell, we find ourselves at minus 9 basis points for this turbulent day.
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 rate updates dating back nearly 2 years at www.JasonGordon.info whenever desired.  Also, make sure to learn about THE TRUTH BEHIND MORTGAGE QUOTES to better understand the relationship between up-front closing costs and mortgage interest rates so you … (0 comments)

first time homebuyer loans: Mortgage Rate Update 8-29-12: Trends Projections & Todays Lowest Rates - 08/29/12 05:31 AM
For the second day in a row, interest rates have begun to creep back up. Currently, we are up 12 basis points for the day. Too much further momentum in this direction will likely trigger mid-day rate increases for many Lenders across the country.
This daily report is provided to you each day as a resource to provide transparency to what is really happening with mortgage rates. Feel free to browse the library and research historical rate updates dating back nearly 2 years at www.JasonGordon.info whenever desired.  Also, make sure to learn about THE TRUTH BEHIND MORTGAGE QUOTES to better understand … (0 comments)

first time homebuyer loans: Mortgage Rate Update 8-24-12: Trends Projections & Todays Lowest Rates - 08/24/12 01:38 AM
Should you lock in mortgage rates today?  This week's rally took a turn for the worse yesterday afternoon, only to continue this morning.  Today might be a great day to lock-in rates for short term financing now that we have gained back some of last week's losses.
Did you know you have a free resource to research interest rates each day? You can even access a chronological database of these reports at www.JasonGordon.info whenever desired.  Also, make sure to learn about THE TRUTH BEHIND MORTGAGE QUOTES to better understand the relationship between up-front closing costs and mortgage interest rates so you … (2 comments)

first time homebuyer loans: Mortgage Rate Update 8-14-12: Trends Projections & Todays Lowest Rates - 08/15/12 10:17 AM
Interest rates are quietly sneaking back up over the past few days (as evidenced by all of the red on the charts below). Have we officially bottomed out? That said, mortgage rates are still hovering at historic lows, which has allowed more purchasing power for Home Buyers. The result has been multiple offers on the majority of listings, which is beginning to drive up home prices in many areas of Southern California.
So if interest rates have bottomed out, and purchase prices are beginning to creep up, NOW would be the time to make your next home purchase!
If you or … (0 comments)

first time homebuyer loans: Mortgage Rate Update 7-27-12: Trends Projections & Todays Lowest Rates - 07/26/12 11:44 PM
Do you know someone who is currently applying for a mortgage loan and looking for the lowest mortgage rates? By forwarding this article, you will be doing them a huge favor! Finally a free daily report which offers complete transparency regarding mortgage rates by showing the actual market activity which influences the direction of mortgage rates. All Real Estate Professionals & Consumers are advised to stay informed about interest rates and learn THE TRUTH BEHIND MORTGAGE QUOTES to insure the best financial decisions are being made without the distraction of marketing gimmicks. Whether you're a newbee, market analyst (or somewhere in … (0 comments)

first time homebuyer loans: Mortgage Rate Update 7-19-12: Trends Projections & Todays Lowest Rates - 07/19/12 12:19 AM
Do you know someone who is currently applying for a mortgage loan and looking for the lowest mortgage rates? By forwarding this article, you will be doing them a huge favor! Finally a free daily report that offers complete transparency regarding mortgage rates by showing the actual market activity which influences the direction of mortgage rates. All Real Estate Professionals & Consumers are advised to stay informed about interest rates and learn THE TRUTH BEHIND MORTGAGE QUOTES to insure the best financial decisions are being made without the distraction of marketing gimmicks. Whether you're a newbee, market analyst (or somewhere in … (0 comments)

first time homebuyer loans: Mortgage Rate Update 7-18-12: Trends Projections & Todays Lowest Rates - 07/18/12 05:06 AM
Do you know someone who is currently applying for a mortgage loan and looking for the lowest mortgage rates? By forwarding this article, you will be doing them a huge favor! Finally a free daily report that offers complete transparency regarding mortgage rates by showing the actual market activity which influences the direction of mortgage rates. All Real Estate Professionals & Consumers are advised to stay informed about interest rates and learn THE TRUTH BEHIND MORTGAGE QUOTES to insure the best financial decisions are being made without the distraction of marketing gimmicks. Whether you're a newbee, market analyst (or somewhere in … (0 comments)

first time homebuyer loans: Mortgage Rate Update 7-16-12: Trends Projections & Todays Lowest Rates - 07/16/12 03:16 AM
Do you know someone who is currently applying for a mortgage loan and looking for the lowest mortgage rates? By forwarding this article, you will be doing them a huge favor! Finally a free daily report that offers complete transparency regarding mortgage rates by showing the actual market activity which influences the direction of mortgage rates. All Real Estate Professionals & Consumers are advised to stay informed about interest rates and learn THE TRUTH BEHIND MORTGAGE QUOTES to insure the best financial decisions are being made without the distraction of marketing gimmicks. Whether you're a newbee, market analyst (or somewhere in … (0 comments)

first time homebuyer loans: Mortgage Rate Update 7-6-12: Trends Projections & Todays Lowest Rates - 07/06/12 02:56 AM
Do you know someone who is currently applying for a mortgage loan and looking for the lowest mortgage rates? By forwarding this article, you will be doing them a huge favor! Finally a free daily report that offers complete transparency regarding mortgage rates by showing the actual market activity which influences the direction of mortgage rates. All Real Estate Professionals & Consumers are advised to stay informed about interest rates and learn THE TRUTH BEHIND MORTGAGE QUOTES to insure the best financial decisions are being made without the distraction of marketing gimmicks. Whether you're a newbee, market analyst (or somewhere in … (0 comments)

first time homebuyer loans: Mortgage Rate Update 6-29-12: Trends Projections & Todays Lowest Rates - 06/29/12 12:27 AM
Do you know someone who is currently applying for a mortgage loan and looking for the lowest mortgage rates? By forwarding this article, you will be doing them a huge favor! Finally a free daily report that offers complete transparency regarding mortgage rates by showing the actual market activity which influences the direction of mortgage rates. All Real Estate Professionals & Consumers are advised to stay informed about interest rates and learn THE TRUTH BEHIND MORTGAGE QUOTES to insure the best financial decisions are being made without the distraction of marketing gimmicks. Whether you're a newbee, market analyst (or somewhere in … (0 comments)

first time homebuyer loans: Mortgage Rate Update 6-11-12: Trends Projections & Todays Lowest Rates - 06/11/12 01:01 AM
Do you know someone who is currently applying for a mortgage loan and looking for the lowest mortgage rates? By forwarding this article, you will be doing them a huge favor! Finally a free daily report that offers complete transparency regarding mortgage rates by showing the actual market activity which influences the direction of mortgage rates. All Real Estate Professionals & Consumers are advised to stay informed about interest rates and learn THE TRUTH BEHIND MORTGAGE QUOTES to insure the best financial decisions are being made without the distraction of marketing gimmicks. Whether you're a newbee, market analyst (or somewhere in … (0 comments)

first time homebuyer loans: Mortgage Rate Update 5-9-12: Trends, Projections & Todays Lowest Rates - 05/09/12 07:00 AM
The market continues to make small moves overall. Are we due for a large swing before the week comes to a close? The graphs below have been provided as a resource fo you to see past the marketing hype of mortgage companies and learn the true direction of mortgage rates, along with the vital knowledge behind THE TRUTH BEHIND MORTGAGE QUOTES .

The Mortgage Street Smarts of where mortgage interest rates are going (and why):
The following information is current as of Wednesday 5-9-2012 and will help you understand todays best mortgage rates. If you are a Buyer/Borrower who is still … (0 comments)

first time homebuyer loans: Mortgage Rate Update 4-30-12: Trends Projections & Todays Lowest Rates - 04/30/12 12:25 AM
Who do you know who is buying a home? Do them a favor and share THE TRUTH BEHIND MORTGAGE QUOTES to insure they make the wisest decisions pertaining to the overall cost of their mortgage: both up front and along the way. Below is a daily report which is intended to provide transparency over what direction mortgage rates are going.

The Mortgage Street Smarts of where mortgage interest rates are going (and why):
The following information is current as of Monday 4-30-2012 and will help you understand todays best mortgage rates. If you are a Buyer/Borrower who is still on … (0 comments)

first time homebuyer loans: Mortgage Rate Update 4-13-12: Trends Projections & Todays Lowest Rates - 04/13/12 01:32 AM
Ouch, tough day for rates yesterday as the market worsened by a total of 18 basis points. Will Friday the 13th result in an improvement for rates? See below for market predictions to help you make the best decision on when to lock in your interest rate.
If you are personally pursuing a mortgage loan, you are havily encouraged to learn THE TRUTH BEHIND MORTGAGE QUOTES to insure the best financial decisions are being made without falling for clever marketing jingles or gimmicks. 

The Mortgage Street Smarts of where mortgage interest rates are going (and why):
The following information is … (0 comments)

 
Jason E. Gordon, Sr. Loan Officer, CMPS, CDLP, RCS-D, CDPE, CMHS (AmeriFirst Financial Inc, San Diego, CA) Rainmaker large

Jason E. Gordon

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

San Diego, CA

More about me…

AmeriFirst Financial Inc, San Diego, CA

Address: 12544 High Bluff Drive, Ste. 100, San Diego, CA, 92130

Office: (858) 461-7007

Mobile: (619) 200-8031

Email Me

Author Bio: Jason Gordon is a Residential Mortgage Specialist in San Diego, CA. He combines ethics, education, and experience while helping Homebuyers and Homeowners to achieve their financial goals.View all AR Posts By Jason Gordon Blog Google+


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