Mortgage Market Snapshot 11.16.15

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

Should be an interesting week with a lot of data coming out but my advice is to not panic and see what the story tells as it all unfolds.

As of now there is a majority of believers in a December Fed rate hike, so that is already priced into the market. If it actually happens it will be small and will not affect mortgage rates but if data tells a different story and it does not happen (as I believe) then we should see a nice rebound to the recent hits to rates and pricing.

Anyway, only time will tell but I think the safe bet is to float right now.

The FNMA 3.0 coupon is currently sitting right at 100

Here is today's data...

We have a wide range of data coming out this week covering Manufacturing, Inflation, and Housing. Today we get Empire Manufacturing, tomorrow the Consumer Price Index and NAMB Housing Index, followed by Housing Starts/Building Permits on Wednesday. Empire Manufacturing for November was down -10.74 (consensus -5.25) following a drop of 11.36 prior. On Wednesday the FOMC releases the minutes from their October meeting which may reveal clues as to the likelihood of a 2015 rate hike. 

US Mortgage Colorado's Own Colorado Local 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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Will Nesbitt
Nesbitt Realty at Condo Alexandria - Alexandria, VA
Nesbitt Realty is a family-run brokerage.

Get your Highlands Ranch, CO mortgage in order with David Shamansky at (720) 524-8020, today, with US mortgages.

Nov 16, 2015 01:19 AM #1
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Hi, David. I love your new profile pictures. At first I didn't recognize you. 

Nov 16, 2015 03:47 AM #2
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi David - Thanks for the update - it should be an exciting week. And there's still plenty of time for you to accept my offer :)

Nov 16, 2015 04:38 AM #3
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Hey what's with the scrunchy face.  We need a smile Mister!

Nov 16, 2015 05:19 AM #4
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you for sharing this mortgage market snapshot.

Have a most productive week.

Nov 16, 2015 07:54 AM #5
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC


 Once again thanks for sharing your insight on the mortgage market.

Good luck and success.

Lou Ludwig

Nov 16, 2015 10:49 AM #6
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning David. Had to lock a few loans yesterday, I'm a lot quicker on the trigger right now.

Nov 16, 2015 06:50 PM #7
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thank you for sharing the information. Have a good day.

Nov 16, 2015 07:48 PM #8
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

David, did not recognize you with the new photo.   Thanks for the market update! 

Nov 16, 2015 10:42 PM #9
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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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