Mortgage Market Snapshot 11.12.15

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

Today brings about some modest recovery after the market close yesterday to honor all of our active duty and Veterans. Jobless claims, both initial and continuing, came in above expectations (no shocker) and the overall state of our economy is still very fragile. Yet we hear chatter regarding raising rates?

First let me tell you if they do it will not affect much as 70%+ of traders already expect this and as such its priced into our market already (why the FNMA coupon is down nearly 200bps in the last 2-3weeks.

Second - If you want to look at a broader scope the bigger issue is the fact that Israel just launched an air attack against Syria. This is already being touted as a potential start to WW3?

Regardless of the outcome its definitely not good news and I pray for that part of the world as living in conflict like that for that long is horrible.

The potential is rates are likely to see some improvement from this conflict as fear drives into the marketplace.

Currently the FNMA 3.0 is now at 99.75 (up 13bps from Tuesday close).

Here is today's data...

Initial Jobless Claims were unchanged last week holding below 300K for the 36th consecutive week. Initial Jobless Claims posted just above market expectations at 276K (consensus 270K). The persistence below 300K is in line with a labor market that continues to move closer to full employment. The four-week moving average for Claims rose to 267,750 vs. 262,750 prior. Continuing Claims rose 5K to 2174K vs. 2169K prior (revised). Later today we get the Monthly Budget Statement which is expected to show a monthly deficit of $131.5 B. Treasuries are higher this morning following yesterday’s market close.

US Mortgage Colorado's own and 580 FICO OK

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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
Equal Housing Lender

*photos used may come from my personal pictures or



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Nicole Doty - Gilbert Real Estate Expert
Zion Realty - Gilbert, AZ
Broker/Owner of Zion Realty

Aside from the continuing middle east conflicts it doesn't seem like we're in for much of a change in the immediate future. 

Nov 12, 2015 01:11 AM #1
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi David - Thanks for your update and market read. I'd think the news should add some incentive to taking my offer - you're a man of your convictions, right?

Nov 12, 2015 01:58 AM #2
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC


Things in the Middle is getting out of hand.

Good luck and success.

Lou Ludwig

Nov 13, 2015 01:35 PM #3
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

David, great market update, and wonder how much the terrorist activity will affect the market.

Nov 14, 2015 10:41 PM #4
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David Shamansky

Creative, Aggressive & 560 FICO - OK, Colorado Mtg
560FICO and High DTI are among some of what we say Yes to
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