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!
RECENT BLOG POSTS
After a down afternoon yesterday, combined with little news this morning, Mortgage Backed Securities have declined throughout the day.  The net result is approximately 0.250% - 0.375% WORSE to the points/credits associated with any given interest rate option. This daily mortgage interest rate rep...
01/22/2014
No economic news this morning to sway the market. Mortgage Backed Securities are flat thus far this morning despite a good day on Friday. The net result of the above news was a market opening of approximately +/- 0.125% to the points/credits associated with each interest rate option. This daily m...
01/21/2014
Are you a Real Estate Agent in San Diego, CA?  If so, you are invited and encouraged to attend an upcoming training titled "Techniques of the Top 10%" presented by Wellington Pendell of The Career Compass (and hosted by AmeriFirst Financial, Inc.). The event flyer is listed below.  Capacity is li...
01/17/2014
Today's mixed economic data provided little direction for investors this morning. December Housing Starts declined 10% from the 5 year high seen in November to an annual rate of 999K units (which was still above the consensus of 985K units). Building Permits fell short of expectations however. De...
01/17/2014
December CPI inflation rose 0.3% from November, matching the consensus projections. Core CPI, which excludes food & energy, increased 0.1% (also matching the consensus). Weekly jobless claims declined slightly to 326,000, which was also very close to expectations. The net result is an average 0.2...
01/16/2014
Stronger than expected economic data has caused Mortgage Backed Securities to move lower this morning. The Empire State manufacturing index surged to 12.5 (well above the consensus prediction of 4.0)...its highest level since May, 2012. December PPI inflation rose 0.4% from November, matching the...
01/15/2014
We are on a nice run with mortgage pricing over the past 2 days. Monday netted a 37 basis point improvement. 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 prope...
01/13/2014
Nice opening today for mortgage rates! We are approximately 0.250 - 0.375 BETTER in terms of any points/credits associated with each interest rate option. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates a...
01/13/2014
Wow...big disparity today with the Employment report!  Against a consensus forecast of 200K jobs added, we only ended up adding 74K jobs in November. This was the smallest monthly increase in jobs since January, 2011. Given that several labor market indicators showed greater strength in December,...
01/10/2014
It has been a fairly quiet morning thus far, although we have opened slightly worse than yesterday's closing. Weekly Jobless Claims declined to the consensus projection of 330K.  The European Central Bank (ECB) made no changes in rates, while the ECB President suggested that the ECB will hold rat...
01/09/2014
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Jason E. Gordon

Sr Loan Officer, CMA, CMPS, CDLP, CDRE, RCSD, CDPE
local_phone(858) 461-7007
smartphone(619) 200-8031
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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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