Mortgage rates... oof taking a hit today

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

mortgage rates... oof taking a hit today??

well lets get this thing started, today has brought on a whopping -53bps to the bond market and the 10Y treasury yield is almost to 3.20% (it was 2.90 a few days ago). This is being fueled by a ridiculous Chicago PMI number??? Maybe they missed the other reports and all other data going on in the world???

Seriously, I am a fan of positivity and believe a lot of results and opportunities come from the ability to look at the good in anything and keeping a "glass half full attitude". However, with that being said, we have a -53bps to bonds and a -24/32 to treasury's when all real data suggests otherwise but attach it to Chicago PMI report that is up about 5 points? (lol) Really the Chicago PMI??? I do not believe this is sustainable at all!

OK this reinforces my opinion and comments that no matter what the data is the market can be driven (for a short while) on anything it chooses.

I do not think this is sustainable and likely we will see some improvements come back later today.

Anyway this has been another update in the wonderful world of finance and mortgage

Make it a great day and stay positive things are getting better and you should be busy right now!!!

us mortgages colorado direct 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

 

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Rainer
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Jen Giraud
American Home Shield - Dallas, TX

I like your outlook! Positive is the only way to be in this business otherwise, you will not make it!

Hopefully things will turn around and stay on the upward track :)

Jun 30, 2011 07:28 AM #1
Rainmaker
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David Shamansky
US Mortgages - David Shamansky - Highlands Ranch, CO
Creative, Aggressive & 560 FICO - OK, Colorado Mtg

You have to, to survive, no doubt.

Thanks for the comment, stay positive and read my last article for today on smiling...

ALL positive and ALL good!

 

 

Jun 30, 2011 08:14 AM #2
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Rainmaker
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David Shamansky

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