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Mortgage Market update

By
Mortgage and Lending with US Mortgages - David Shamansky NMLS#392126

Well the data is in and I cannot help but laugh at the unbelievable comment inside of this.

Unemployment filings are under 300k and we are not sure if that is a sign of strength in the labor market or not! WOW... really???

At least they had the strength to speak the fact they have no real clue what this number really represents for direction. And due to that very thing I expect the rates markets to likely move in its current sideways with slight pressure downward UNTIL we can determine if the labor market is actually improving or if there are simply less filing for claims?

Here you go if you don't believe me read it for yourself...

The number of American’s filing for unemployment held below the 300K mark for the seventh straight week, which may signal a strengthening labor market. Jobless claims increased by +1,000 last week to 295K (consensus 287K). The four week average for Jobless Claims climbed from 282,750 to 284,500. Continuing claims rose to 2325K vs. 2275K prior (consensus 2290K). New Home Sales fell more than expected in March, down by -58K to 481K vs. 539K prior (consensus 515K). Treasuries are hovering around yesterday’s close levels following today’s data dump.

So it appears to me there is no viable strength but it may take several days for others to realize this???

Go lock your loan the market is unable to get out of its own way right now!

us mortgages colorados most aggressive FHA VA lender

Posted by

araward

Colorado 1st Time buyers, if you are ready to stop renting, get the many benefits from home ownership, or maybe your a current homeowner looking to move up or maybe looking into what it takes to become an investor in this incredible market, that WILL create millionaires, and you are looking for a strategy, answers and direction, please feel free to call or email me. My 22yrs in mortgage lending and 30+ years in finance gives me an in depth knowledge, critical to helping others and making their dreams go from dream to reality!

David Shamansky
"Positive reinforcer, promoter, success coach, entrepreneur, team builder, wealth builder, blessed individual, business leader and professional lender"

US Mortgages
6855 S Havana St Ste 520
Centennial CO 80112
720-524-8020
NMLS#392126
Equal Housing Lender

*photos used may come from my personal pictures or www.freedigitalphotos.net

 

Comments(9)

Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com

David nothing the Government says or does makes any sense to me. 

Apr 23, 2015 01:49 AM
Nicole Doty - Gilbert Real Estate Expert
Zion Realty - Gilbert, AZ
Broker/Owner of Zion Realty ZionRealtyAZ.com

Our leaders honestly don't have the slightest idea what they are doing. They are all just hoping the free markets and small businesses bail them out at this point. 

Apr 23, 2015 02:29 AM
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi David - It gets worse. Jobless claims don't speak to the quality of jobs that are out there, the changing nature of the economy, or the pressure on the vanishing middle class. I have no idea how the financial markets can even get out of bed in the morning.

Apr 23, 2015 02:39 AM
Mark Don McInnes, Sandpoint-Idaho
Sandpoint Realty LLC - Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Howdy,  I just commented on Erin Bates post and our lower end pricing has virtually run away from local first time buyers.  More people are working and I agree with Dick.  The quality of pay is down and creating false figures along with people not being able to claim and there is no tracking of those past their limit and still not working.  I personally feel it is a very thin line we are walking.  Thank you for a thoughtful post.  Mark

Apr 23, 2015 08:26 AM
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I like that you tell it like you see it with your personal commentary included. Keep up the great work. 

Apr 23, 2015 11:57 AM
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Hello David,

The numbers are so manipulated that no one knows the truth...other than we are being lied to. 

Apr 23, 2015 12:16 PM
Roy Kelley
Retired - Gaithersburg, MD

Thanks for your mortgage market update.

Have a great day and an outstanding weekend.

Apr 24, 2015 12:14 AM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I wouldn't give up no matter what the mortgage in your case because you have a handle on the business in ways that most others don't I think.

Apr 25, 2015 04:02 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Roy, thank you for your optimism and upbeat momentum and much success to you, good sir! Love and light! Roy Kelley

Apr 25, 2015 04:03 PM