Financial Update by Maurice Soussé

Interest rates are fairly flat today as unemployment numbers came out this morning. The nation added 192,000 new jobs last month which was a bit lower than experts wanted. This helped to keep loan rates down this week.

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I read some amazing stats on line today. Last year home prices rose 12.2% while income numbers rose only 2.1%. This brought on another statistic which is that in 2006, 65% of mortgages were fixed rate, while today 95% of rates are fixed. Quite a change in consumer sentiment. This signifies that consumers expect rates to increase, hence the need to lock in a long term fixed rate. Click on our rates at www.avislendinblog.com and see how low rates are.

Today I took a moment and thought about how blessed we truly are. I looked many great quotes that talked about happiness. The one that stuck with me most is from Robert F Kennedy who said “You’re happiest while you’re making the greatest contribution”. We helped two first time home buyers achieve ownership this week. Do you remember how great that feels?