Financial Update by Maurice Soussé

Pigs do fly…Amazing. Britain has exited the European Union. This is a landmark historic day with significant ramifications to the financial markets. The world has flown to the safety of the United States Treasury Bill. The close on the 10 year T Bill was at 1.72 and now dwarfed to one of the lowest levels… Read More

Financial Update by Maurice Soussé

This weekend I am grateful for all those who have given their lives to protect us. They are truly Heroes and I pray for their families who have lost them. Interest rates are holding steady this week. The 15 year fixed rates are very low. One reminder I’d like to share which has come up… Read More

Financial Update by Maurice Soussé

We had a roller coaster week with interest rates. Blind sided is the word that comes to mind as the FED minutes released on Wednesday stated that “most participants judged…it likely would be appropriate for the Committee to increase the target range for the federal funds rate in June” Well…Let’s analyze. Japan= Negative Rates. Eurozone… Read More

Financial Update by Maurice Soussé

The FED held interest rates this week which is great news for borrowers. We had a drop in rates yesterday after the FED’s announcement. This has driven the 10 Treasury bonds down to 1.84% this week. I wanted to share a great scenario with you that we just closed. A client had a home bought… Read More

Financial Update by Maurice Soussé

Interest rates are nearing their lowest levels in history. Chairmen Janet Yellen spoke for two days in front of Congress this week talking about the uncertainty of interest rates. The most hair raising statement was her admittance of a “negative interest rate policy” which was not out of the question. What does that mean? A… Read More

Financial Update by Maurice Soussé

Rates dropped again this week as Citi stated the world economy seems trapped in a “death spiral”. Huh??? I’ve never heard that. If we remember back to the 80’s, Japan was in a state of deflation while it was one of the most robust times for America. While global growth has created the need for… Read More

Financial Update by Maurice Soussé

Interest rates are steady from last week while the 10-year treasury continues to go lower. The FED kept rates the same as tension about global markets and as a stall in our overall US growth has set them to pause on any increases. In bigger news, Japan adopted a negative interest rate policy. A negative… Read More

Financial Update by Maurice Soussé

Well…can you now see the writing on the wall? It’s right there in front of you. The FED will raise rates in December per my prediction. How can they not? The Economy added another 211,000 jobs last month with unemployment now down at 5%, with wage growth up a little over 2%. This pushed the… Read More

Financial Update by Maurice Soussé

Interest rates are flat from last week, but, the time has come for the FED rates to rise. The writing was put on the wall this week when last months minutes were released. The committee stated that they would consider if it is appropriate to raise rates “at its next meeting”. They acknowledged that the… Read More

Financial Update by Maurice Soussé

It’s a beautiful Friday. I love the Fall weather. The 10 year treasury yield closed at its highest number in months. From Monday to today’s closing, we jumped from 2.17 to 2.32%. What does this mean? Mortgage backed securities are up, as are rates. I know we have been wondering for some time when the… Read More