Mortgage Market Snapshot 12.07.15

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

Well today brings about some additional recovery from last weeks ridiculous sell off.

For those who listened you have now regained almost all the losses that hit on Wed/Th last week as the FNMA 3.0 coupon is back to trading at near 100.50 levels again. This indicie was just below 100.5 but closed a touch down from intraday highs and ended at 100.375. Still a nice recovery from the 100bps sell off over panic and fear???

Not a lot of news this week but here is today's data...

We have a light data calendar this week following last week’s heavy run of news. The first data release is on Wednesday with Wholesale Trade followed by a 10-Year treasury note auction later in the day. Thursday we get Import and Export Prices, followed by the Producer Price Index and Retail Sales on Friday. Treasuries are in line with Friday’s close levels and the curve is slightly flatter

US Mortgage Colorados Own and Local Market leader 580 FICO OK

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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2,802,516
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi David - Thanks for the update. I missed all the excitement while we were gone, but I'm sure we'll have some more coming up.

Dec 07, 2015 07:26 AM #1
Rainmaker
680,080
Nicole Doty - Gilbert Real Estate Expert
Zion Realty - Gilbert, AZ
Broker/Owner of Zion Realty ZionRealtyAZ.com

All indications are that retail is not going to be happy about this holiday's sales numbers. 

Dec 07, 2015 08:35 AM #2
Rainmaker
536,820
Mark Don McInnes, Sandpoint
Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Market is sooo volitole over ANY news anymore.  Something of any importance, at all, sends it into a possible tail spin.  Mark

Dec 07, 2015 01:02 PM #3
Rainmaker
2,313,743
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning David. All the markets are reacting to just about anything and everything. I don't see that changing anytime soon. There will continue to be volatility for a while.

Dec 07, 2015 06:36 PM #4
Rainer
396,177
DEANNA EARLY - - ( NMLS # 268590 )
American National Bank & Trust - Smith Mountain Lake, VA
Highest Ranked Mortgage Loan Originator Virginia

Get ready David Shamansky .   Whole new set of circumstances coming with the rate hike.

Dec 10, 2015 03:03 PM #5
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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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