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
OUCH! In the U.S., the first reading for the 3rd Quarter GDP was 1.5% which was slightly below the consensus of 1.6% (and down from 3.9% from Q2). The details of the report may reflect greater strength, however a decline in inventories held back 1.4% of growth during Q3 (meaning that GDP would ha...
10/29/2015
On an annualized basis, September starts came in at 1.2 million units, while expectations were for 1.15 million units. August starts were revised a little higher as well. Most of the increase in September starts was in multifamily units. Building permits fell a bit short of expectations. Single f...
10/20/2015
The August Trade Deficit increased to $48.3 Billion this morning, which came close to expectations. No more economic data will be released today.Compared to Monday's closing, the market has opened with a 0.125 WORSENING to the Points/Credits associated with any given interest rate option.This dai...
10/06/2015
Stocks are starting the day sharply lower, reacting to news showing a negative outlook on Chinese Banks. Compared to Monday's closing, the market has opened with a 0.125 IMPROVEMENT to the Points/Credits associated with any given interest rate option.This daily mortgage interest rate report is de...
09/22/2015
Negotiations between Greek officials and creditors ended with no agreement reached. Greece will be unable to make its debt payments due tomorrow. Investors shifted to safer assets, helping MBS after Friday's decline. The Greek Government called a referendum on whether to accept austerity measures...
06/29/2015
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
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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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