Financial Update by Maurice Soussé

Interest rates softened a touch from last Friday as US retail sales came in weaker than expected. Wall Street expected an increase to sales which reversed our 10 year treasury bills, pushing yields back under 2.0%. Great news for mortgage rates. What a great opportunity for your buyers to take advantage of low rates this weekend.

Take a look at the jumbo rates. We have been locking the 7/1 ARM’s up to $4 million loan amounts at record lows.

Another great program we have is the 80/10/10 program. A borrower can put as little as 10% down with a price of $972,000. The first would be $625,500 and the second for $250,000. The benefit of our program is our second mortgage is a 30 year fixed rate!!!! Great security for the borrower.

Baseball Hall of Famer Wade Boggs said “A positive attitude causes a chain reaction of positive thoughts, events and outcomes. It is a catalyst and it sparks extraordinary results”.