Financial Update by Maurice Soussé

Sorry for the delayed rates, but, they are worth it. Rates are still fantastic and turn times for purchase transactions are smoking fast!!! We just received an approval on a purchase after 48 hours on a conventional 30 year fixed rate this week. Great news.

If you have monitored the European rates this week, Italy’s 10 year bond is down below 6% after being higher than 7% earlier in the week. The sudden drop is due to the new plan that Prime Minister Mario Monti has put in place raising taxes and cutting spending. Let’s hope we don’t emulate the raising taxes plan here in the states…

As the holidays quickly are upon us, don’t forget to take time with family and friends and celebrate the season.

Muhammad Ali said “Children make you want to start live over”.

Rates 121011, The Sousse Group, Luxury Irvine Condos