Financial Update by Maurice Soussé

Rates are holding close to even this week after a volatile treasury ride. The 10 year treasury bill exceeded 2% yesterday pushing rates up, but, came back down to 1.97% this morning with the upheaval in Greece. The Ouzo poured a little too freely last night and they are rioting in the streets again today. When these events occur, the world comes running to the safety of American treasury bonds and rates come down.

Please take a look at the jumbo 30 year fixed. These are true jumbo loans (not FNMA high balance loans) and have outstanding interest rates.

Remember we are about two weeks away from HARP II and that should be able to help many of your clients refinance even if they have no equity and the qualifying ratios may be off.

Rates 021012, The Sousse Group, Luxury Irvine Condos