Financial Update by Maurice Soussé

Rates came down a touch this week with the 10 year Treasury Yield easing off a bit from last Friday.

We have had overwhelming requests for the HARP II loans that FNMA and FHLMC now have for borrowers with limited equity. The program has been somewhat challenging as the agencies state they are unlimited loan to values, but, the banks have restricted the loan to values to 150% for owner occupied and 105% for investor properties. It has not been quite as glorious as promised.

Take a look at the 15 year fixed rates down in the 2’s…Wow.

Rates, The Sousse Group, 033112, Luxury Irvine Condos, Luxury Homes Newport Beach