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!
RECENT BLOG POSTS
Great day yesterday, but not so much thus far today. PPI and Core PPI both came in at consensus, while Consumer Sentiment was higher than expected.Compared to yesterday's closing, the market has opened within 0.125 to the Points/Credits associated with any given interest rate option.This daily mo...
06/12/2015
The age old question: Should I rent or buy real estate? One thing we know for sure is that you need to sleep somewhere each night, so it is safe to say that we all must encounter this debate at some point in our lives (after all, living "rent free" with the Parents is not an option forever...nor ...
06/11/2015
The TILA/RESPA Integrated Disclosure Rule (TRID) will be officially implemented on August 1, 2015 and will significantly impact the timelines associated with closing any escrow involving a mortgage.  It is imperative that all Real Estate Agents take time to understand these impending changes, as ...
05/18/2015
Brutal day yesterday! Mortgage Backed Securities opened much lower this morning, but have since moved back to flat/positive territory following weaker than expeted JOLTS data and a bounce back from large declines yesterday.Compared to yesterday's closing, the market has opened within 0.125 to the...
05/12/2015
Yet another tough day for mortgage rates! Mortgage Backed Securities have contnued to trend down despite weaker than expected ADP Employment data. First quarter productivity came in at the consensus.Compared to yesterday's closing, the market has opened with a 0.125 - 0.250 worsening the Points/C...
05/06/2015
Yet another volatile morning thus far with the cost to acquire interest rates getting higher. Trade Deficit and ISM Services Data reports are partially responsible for fueling this increase in mortgage pricing.Compared to yesterday's closing, the market has opened with a 0.125 - 0.250 worsening t...
05/05/2015
Construction Spending, the ISM Index, and Consumer Sentiment reports all came in below expectations today. However, a rally in stocks has moved Mortgage Backed Security prices lower this morning after a rally yesterday afternoon.Compared to yesterday's closing, the market has opened with a 0.125 ...
05/01/2015
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 ...
04/21/2015
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...
04/07/2015
Vital Information To Know About Property & Supplemental TaxesImportant: Even if you have an Impound (aka Escrow) Account, you will be responsible to pay any/all Supplemental Tax Bills directly to the County Assessor.Supplemental Tax Bills are NOT part of your Impound (aka Escrow) Account billing ...
03/28/2015
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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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