Financial Update by Maurice Soussé

Interest rates held steady again this week as the FED jumped out and committed to holding low interest rates until the unemployment rate goes below 6.5%. This is a transparent commitment to low rates, giving investors and businesses a clear path that allows them to move forward with their growth plans.

Remember, we have a fantastic new program for self-employed borrowers that DOES NOT REQUIRE TAX RETURNS. It is a bank statement program for the self-employed and is designed to work with the borrower’s gross income versus net. This is a great tool in helping our self-employed clients buy homes.

I hope you have a great weekend planned. Let us know if we can help in any way.

Rates 121512, The Sousse Group, Luxury Irvine Condos