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
 Weaker than expected Existing Home Sales data has moved Mortgage Backed Securities lower this morning.Compared to Friday's closing, the market has opened with a 0.125 - 0.250 worsening to the Points/Credits associated with any given interest rate option.This daily mortgage interest rate report i...
03/21/2016
 Despite no significant economic data to report, the market opened nicely today for mortgage rates.Compared to Friday's closing, the market has opened with a 0.125 - 0.250 improvement to the Points/Credits associated with any given interest rate option (but we are trending in the wrong direction ...
03/14/2016
 Nice start today! Weaker than expected export data in China continues to raise concerns about the pace of the global economic growth. Compared to Monday's closing, the market has opened with a 0.250 improvement to the Points/Credits associated with any given interest rate option (but we are tren...
03/08/2016
Ouch! Friday morning is having an unpleasant start for mortgage pricing given the data on today's Employment Report. Against a consensus forecast of 190K, the economy added 242K jobs. Remember, good news for the economy = bad news for mortgage rates!Compared to Thursday's closing, the market has ...
03/04/2016
Despite an early rally in stocks, it has been a relatively quiet morning thus far for Mortgage Backed Securities. No economic data will be released today, so all signs point to a relatively flat afternoon.Compared to Tuesday's closing, the market has opened with a 0.125 worsening to the Points/Cr...
02/22/2016
Volatile day thus far for Mortgage Backed Securities.  Despite a rough opening, we have had a mid-day pricing improvement given the declines in stocks!Compared to Tuesday's closing, the market has opened with a 0.125 worsening to the Points/Credits associated with any given interest rate option (...
02/10/2016
It has been another volatile morning. Bonds have rallied while stocks are declining. The ADP estimate for private sector job growth in January was 205K, above the consensus of 190K.  Additionally, ISM Services came in below expectations.Compared to Monday's closing, the market has opened with a 0...
02/03/2016
Quiet morning thus far for Mortgage Backed Security pricing...the Dow is up roughly 240 points.  Report on Consumer Confidence came in higher than expected. Fed Meeting tomorrow.Compared to Monday's closing, the market has opened with a 0.000 change to the Points/Credits associated with any given...
01/26/2016
Mortgage Backed Securities declined this morning following a rally in stocks and stronger than expected housing data.  Existing Home Sales came in above expectations.Compared to Thursday's closing, the market has opened with a 0.250 WORSENING to the Points/Credits associated with any given intere...
01/22/2016
China released its 4th Quarter GDP this morning, which was 6.8% (below expectations). For the year, it was 6.9% (the slowest pace in 25 years). The Stock Market has reacted favorably thus far as Investor expectations for additional stimul from the Chinese government have grown. NAHB Housing came ...
01/19/2016
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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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