Financial Update by Maurice Soussé

Have you ever had something where you say “Gosh I just missed it”? Well, interest rates are REALLY low again. We have gone down into the 3’s again. I am sure you have many clients who are thinking they missed the bus, but that just isn’t the case. Your clients have a great opportunity to take advantage of record low rates.

Why are rates so low again? Remember, investors move out of stocks and into bonds when the stock market gets rocky. They want security in US backed money. They don’t get paid much for it, but, the security is worth it all. Our 10 year treasury bills closed at 2.5% today. That is back down from the 3% range we were at about 60 days ago.

Even our jumbo fixed rates are at record lows again. Remember, anything over $417,000 in Riverside and $625,500 in LA/OC/SD is considered a jumbo loan.

When you are having a tough time on a file, remember, “Few things are more powerful than a positive push. A smile. A world of optimism and hope. A ‘you can do it’ when things are tough”…Richard DeVos