Mortgage Street Smarts

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Mortgage and Lending - CMG Mortgage, 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

2013 

Tuesday closed with a modest gain of 6 basis points. Industry Analysts remain conflicted in their predictions of where mortgage rates will end up in the short term. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding whe...
01/08/2013
We are off to a strong start this morning with a 15 basis point gain to begin the 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...
01/07/2013
It was a tale of 2 extremes as the market closed last week.  Thursday was a devastating 69 point drop followed by a strong 42 point gain on Friday. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at a...
01/06/2013
On the heals of a painful day for mortgage rates yesterday, we are currently making up some ground with a 30 point gain today thus far. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given tim...
01/04/2013
Ouch, tough day for mortgage rates! Just a small dialog within the Fed Minutes today pertaining to their desire to stop buying bonds (including Mortgage Backed Securities and Treasuries). The end result has been a severe spike in mortgage rates. This daily mortgage interest rate report is designe...
01/03/2013
The fiscal cliff saga was solved (well sort of). There are mixed views on how the lastest "can kicking" resolution will impact the market. There is a great video link below which breaks down the fiscal cliff proposals and how they really play out in terms of actual numbers (worth a listen). This ...
01/02/2013
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Jason E. Gordon

Sr Loan Officer, CMA, CMPS, CDLP, CDRE, RCSD, CDPE
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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

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