Financial Update by Maurice Soussé

Rates you want???? Actually they are very good and the rates came back down by an .125% on the top credit tiers after last week’s quick rise. This is good news for the fence sitters as they have the ability to take advantage of the dip. The FOMC (Federal Open Mark Committee) minutes talked more about QE3 and the ability of the FED to react quickly to purchase Treasury bonds keeping rates low if they have any further signs of a slowdown. Rates won’t stay down forever. If you have a client who is wondering if this is a good time to buy, I suggest you stress to them that these rates are at historic lows. Let me show you…

$400,000 Loan Amount for 30 Years

3.5% 6.5%
$1,805 $2,541

This is quite a difference in payment for the same loan balance, yes?

Robert Collier said “Success is the sum of small efforts, repeated day in and day out”. Keep doing the basics and following the path. Those steps lead you to certain success.

Rates 082512, The Sousse Group, Luxury Irvine Condos, Luxury Newport Beach Homes