Financial Update by Maurice Soussé

Happy Friday,

Treasuries rallied a bit this week lowering rates a touch. Investors in the stock market continue to be concerned about unrest in the Middle East and the cost of oil. That sends investors fleeing to Treasury bonds, lowering the yields. Gas prices are also on investors’ minds. Higher gas means less money to spend in the economy for Middle America. The protests in Libya against Mooammar Gadhafi’s 42 year reign also continue to keep the stock market tense.

The good news is that interest rates are great. Look at the jumbo 5 and 7 year fixed rates!!! They are in the 3% ranges for loans up to $3 million. Great stuff.

Remember, when tension gets into your life, be sure to ask yourself “Will this matter a year from now”? Chances are it won’t. Don’t sweat the small stuff.

Have a blessed weekend and let us know if we can help in any way.