Financial Update by Maurice Soussé

Interest rates are very flat from last Friday’s report. What was supposed to be an eventful week in the mortgage and financial markets turned out to be boring and flat. Sometimes that can be a very good thing…
 
We have had some great success this week in closing several 20-30 day purchase transactions from start to finish. As a lender working with mostly all purchase transactions, we recognize the need to meet these time frames and push as hard as possible to make sure we come in right on time.
 
Take a look at the 5/1 JUMBO arm this week. 3%!!!!  This is a great financing option for someone who will be selling soon or paying off the loan within 5 years. This program goes to $5 million in loan amount, so we have you covered on the jumbo market as well.
 
Ralph Nicholas said The most basic of all human needs is the need to understand and be understood. The best way to understand people is to listen to them.