Financial Update by Maurice Soussé

Happy Friday,

Interest rates are almost flat from last week. We have had several increases and decreases since last Friday, but, the net effect is almost flat.

Germany approved the Eurozone bailout by a margin of 523 to 85. The Germans are the latest member nation to approve an increase to the European Financial Stability Fund.
Underwriting times are still holding steady at about 4 business days on a purchase transaction, which is lightning fast in this market! Take a look at the 30 year fixed rates. They are still at record low numbers and are a clear indication that we are in one of the best markets to ever purchase a home.

Sherry Adams said “Energy is equal to desire and purpose”.

Have a blessed weekend.

The Sousse Group, Luxury Irvine Condos