Financial Update by Maurice Soussé

Happy Veteran’s Day, 11-11-11

Place your bets!!!! Today (yesterday there now) in China train number “1111” started at 11:11 am on the No. 11 line in Shanghai. The numbers rhyme with one husband, one wife and one soul in Chinese and signifies a marriage that will last a life time. I am headed to the crap tables!! (Just kidding).

Today if you come across someone you know who was in the service, please be sure to stop and thank them for their dedication and service to our wonderful country. Without them, we would not be living this life today. Let us also remember those Veteran’s who gave our lives for us.

Rates are almost identical from last week with another violent market this week. It is kind of funny to review the rates each Friday as we do and note that rates are the same…but, if you saw the hourly moves on the 10 year T Bill you would be dizzy.

Underwriting and condition times are improving every day as the pipeline is unclogging a bit each day. We just received a purchase answer back in three business days. Much better than a week…

Mortgage rates November 11, 2011, The Sousse Group