Happy Fourth of July!! Interest rates are up a touch during this tough week for treasuries. The 10 year yield has pushed up quite a bit hovering at 3.21 this morning driving rates up by about a .25% from last week. As the FED ends their QE2 purchases this coming Thursday, rates should boost modestly…. Read More
Financial Update by Maurice Soussé
Happy Friday, Rates are down a touch again this week. Isn’t that a few in a row?? Nice. FED chairman Ben Bernanke announced no change in the discount rate this week. While he talked about a modest recovery, he did stress that the economy is rebounding at a much more moderate pace than expected. The… Read More
Financial Update by Maurice Soussé
Happy Friday, What a roller coaster week for interest rates. The 10 year T-Bill has been all over the board this week. Starting the week as high as 3.1% and closing today at 2.94%. Rates are very volatile right now as consensus is that the 10 year t-bill should hover at or above the 3%… Read More
Financial Update by Maurice Soussé
Happy Almost Friday, Well, the 10 year treasury is just hovering at that 3.00% mark. All week it has dipped a tad below, bounced up and gone back down. This range has brought back some of the best interest rates we have seen in a very long time!!! You must take a look. We have… Read More
Financial Update by Maurice Soussé
Happy Memorial Day, What a blessing to be in the greatest country in the world. Thank God for our troops and the courage and protection they provide. For that I am truly thankful. I have spoken with many people who are playing hooky tomorrow afternoon, so it is timely to get rates to you today… Read More
Financial Update by Maurice Soussé
Bond yields are back down to where there were one year ago at almost the exact day. The 10 year yield is at 3.21% keeping mortgage rates quite low! The job market has improved this year and companies are starting to post some solid earnings. The US economy continues to be far from strong as… Read More
Financial Update by Maurice Soussé
Please stop and take a quick second to look at these rates!!!!!! Conforming 15 year fixed rates are in the low 3′s??? Incredible! How about the jumbo 5 year fixed in the 3′s up to $3 million. Outstanding. Remember, this drop in rates can really assist some clients who are on the qualifying border to… Read More
Financial Update by Maurice Soussé
Interest rates are down a touch this week over last as a sluggish gross domestic product helped convince the FED to leave rates unchanged this past week. You can assume there was a lot of hesitation for the FED to not raise rates as this is the first time ever Chairman Bernanke had a post… Read More
Financial Update by Maurice Soussé
Rates are a tad lower this week and the bond market is closed today for Good Friday. The 10 year yield is hovering at 3.4% which is down about .20 basis points overall. The Philadelphia Federal Reserve showed its manufacturing activity index diver to 18.5 this week. They were expecting a number of 33. This… Read More
Financial Update by Maurice Soussé
Rates are a bit lower this week as the 10 year treasury bills ended lower this week on tame inflation readings. This helped to drive down rates a bit. Underwriting times are getting a tad better as there was an onslaught of files to the underwriters the last few days of April before the FED… Read More
