Financial Update by Maurice Soussé

Happy Friday,

Rates are down a touch again this week. Isn’t that a few in a row?? Nice.

FED chairman Ben Bernanke announced no change in the discount rate this week. While he talked about a modest recovery, he did stress that the economy is rebounding at a much more moderate pace than expected. The FED is looking to keep rates down for an extended time period, per their meeting notes.

Please let me know if there are any questions that we can help to answer. Rates are great and turn times very quick right now.