Wednesday, January 6, 2016

01.06.15- Looks like N. Korea was jealous about not being in the news.


Well looks like geopolitics is the market driver for early 2016. N. Korea detonating a H Bomb, Iran vs Saudi Arabia have certainly put a hurt on the stock markets world wide. Some other reports out today show TRID has slowed down mortgage lending with significant reduction in new applications across the board. ADP job report is signaling a better than expected report on employment. We will see how jobless number come out tomorrow. They may be less than accurate considering the middle of the country is cleaning up from historic flash flooding delaying or preventing some regions from reporting.
The good news is mortgage back securities across the board hit their 50 day average and some are gaining on the 100 day average pricing. Simply meaning even better rates are coming. Still looking for middle 3%'s on government and conventional loans.
Please don't forget to make sure you are arranging the best possible scenario for your clients and allow me to send over a quote to compare. You will be very surprised with our rates and additionally no lender fees or origination charges. And always send me what has been turned down by others or the admitted low score clients. I have a goal, to help you surpass your goals for 2016. This requires seeing everything that doesn't get approved or has low scores and turning them into buyers now.

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