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% mark which puts rates in the mid 4’s. With the yield under 3%, we are currently experiencing rates in the low 4’s. What a time to be a buyer!!!!

It looks like the EU (European Union) will be serving up another bailout package to Greece as the prime minister makes changes demanded by the EU to receive further assistance.

Interest rates are doing great right now and the 5/1 and 7/1 jumbos are still insanely low. Take a look.

Thomas Edison said “opportunity is missed by most people because it is dressed in overalls and looks like work”.