Mortgage Street Smarts

Follow me
By
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
Today is a quiet day in terms of economic news, yet rate volatility persists as Investors attempt to squeeze profits from early trading. Compared to Friday's closing, the market has opened with a 0.125% IMPROVEMENT to the Points/Credits associated with any given interest rate option. This daily m...
10/20/2014
Mortgage Backed Securities have drifted down this morning. Import Prices dropped 0.5% in September, while the consensus was for a decline of 0.8%. No further economic data will be released Pricing has opened 0.125 - 0.250 WORSE to the points/credits associated with each interest rate option. This...
10/10/2014
This morning, the weekly Jobless Claims report came in at 287K, below the consensus prediction of 295K.  Jobless Claims remain near the lowest levels since 2006. No more economic data will be released today. Compared to yesterday's closing, the market has opened with a 0.125% WORSENING to the Poi...
10/09/2014
A decline in stocks has lifted Mortgage Backed Securities this morning.  Invevstors are concerned about the pace of global economic growth, particularly in Europe.  The JOLTS report came in just above expectations, and no further economic data wil be released today. Compared to Friday's closing, ...
10/07/2014
It has been a volatile morning following the release of the key Employment Report.  Against a consensus forecast of 215K, the economy added 248K jobs in September.  The figures for prior months were also revised higher. Meanwhile, the unemployment rate dipped to 5.9% but this was due to ta contin...
10/03/2014
Protect Your TransactionSM (PYT) provides all parties to a real estate transaction with peace of mind that the Lender will deliver on its commitment to close on time. Take a moment to learn more about PYTSM in this article, and then ask the obvious question: "Why would I use a lender that doesn't...
09/30/2014
Global bond yields declined overnight.  Global bond yields declined overnight, lifting MBS this morning. Today's US economic data came in very close to expectations and had little impact. Compared to Friday's closing, the market has opened with a 0.125 IMPROVEMENT for the Points/Credits associate...
09/25/2014
  Understanding San Diego Property Taxes can oftentimes be difficult...especially with all of the incorrect information floating around cyberspace.  The following information is taken directly from the San Diego County Treasurer website in an effort to help you understand the facts about San Dieg...
09/23/2014
Existing Home Sales came in slightly below the consensus. No further economic data will be released today. Compared to Friday's closing, the market has opened with a 0.125 - 0.250 IMPROVEMENT for the Points/Credits associated with any given interest rate option. This daily mortgage interest rate ...
09/22/2014
Weaker than expected economic data has lifted Mortgage Backed Securities slightly this morning. August Industrial Production declined 0.1% from July, below the consensus for an increase of 0.3%. This report far offsets the strong Empire State Regional Manufacturing Index, which rose to 27.5%, far...
09/15/2014
Rainmaker
631,896

Jason E. Gordon

Sr Loan Officer, CMA, CMPS, CDLP, CDRE, RCSD, CDPE
smartphone619-200-8031
Contact The Author

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+
  • View Jason E. Gordon's profile on LinkedIn Find California MLS Listings