Financial Update by Maurice Soussé

Happy Friday,

Rates are holding steady this week with the 10 year bond at a new record low of 1.88%. In my 25 year career, I don’t remember the 10 year yield ever being that low, pushing mortgage rates down.

Great news on turn times; we have just closed a few conventional purchases start to finish in 18 days. There were some short sale deadlines we were able to meet and the realtors and borrowers are very happy.

Classic line of the week… if you are feeling down, there is nothing like a quote from Rocky Balboa “It ain’t about how hard ya hit. It’s about how hard you can get it and keep moving forward. How much you can take and keep moving forward. That’s how winning is done! Now if you know what you’re worth then go out and get what you’re worth.”

Rates 050412, The Sousse Group, Luxury Irvine Condos, Luxury Newport Beach Homes