Mortgage Market Snapshot 12.08.15

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

Another light day but another day closer to D-day (lol).

Will the feds raise rates?

NO is my answer I do not think they will based on the timing as well as data.

Reality - does anyone know? NO

Fact - regardless of the decision we will all live and move forward so LOCK while you can as pricing is excellent and the gains are likely not worth the risk!

FNMA 3.0 coupon was basically flat all day and ended just a few bps above yesterdays close ending the day at 100.438

Here is today's data...

We have another quiet day on the economic calendar today ahead of tomorrow’s Wholesale Inventories and Wholesale Trade Sales reports. Treasuries rose throughout the day yesterday, amidst a sell-off in oil which plunged to levels not seen since early 2009, and this morning continue to hover just above yesterday’s 2:00 PM (PT) close level. The curve is slightly steeper this morning

Colorado's Own and Local market Leader US Mortgage 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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Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi David - Thanks for the update. It's nice to see you sticking to your guns as we move through the countdown. I'm also confident - wanna double down? Bring the wives and make it dinner?

Dec 08, 2015 08:53 AM #1
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Thanks David. How many months have we been asking the same question: will the Fed raise the rates? And the answer is: No one knows.

You are so right.

Dec 08, 2015 10:11 AM #2
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good Wednesday morning David. I know they've been kicking this political football around for quite some time. I do think that eventually they will have to raise rates. Will soon see.

Dec 08, 2015 05:47 PM #3
Cheri Long
Metro Brokers/Priority Properties, Inc. - Centennial, CO
Metro Denver Realtor- Your Home is my PRIORITY

Hi David, Thanks for the insight.  You are in one industry where no news IS good news!  

Dec 09, 2015 01:30 AM #4
DEANNA EARLY - - ( NMLS # 268590 )
American National Bank & Trust - Smith Mountain Lake, VA
Highest Ranked Mortgage Loan Originator Virginia

A quarter point does not stop the world from rotating David Shamansky .   Let's get it done and move on.

Dec 10, 2015 06:27 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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