Financial Update by Maurice Soussé

It sure is was hot and muggy one this week. And the purchase activity seems to be heating up as well. Rates are pretty flat from last week but we have an important FED meeting next week. Will they finally raise rates? If they do, will that increase mortgages? Maybe not…

Of course we have the new TRID rules about three weeks away. That will be a joy for everyone in the lending world as every single computer system in the industry has to develop and get on board with the new Loan Disclosure and Closing Statement.

Did you have a challenge or two during this short holiday week? Leah LaBelle said “Work hard for what you want because it won’t come to you without a fight. You have to be strong and courageous and know that you can do anything you put your mind to. If somebody puts you down or criticizes you, just keep on believing in yourself and turn it into something positive.”