Mortgage Market Snapshot 01.04.16!!!

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

Happy New Year everyone!

So sorry for the 2 week + gap in posts, the holidays were simply crazy on us this year and trying to get back into the swing of things again for regular market updates.

First and foremost I hope everyone had a fantastic 2015 and I expect this year to rival if not possibly be even a touch better than last.

Lots of data rolling out this week but with China halting trading today I think that should bode well for safety of US Treasuries and bonds and likely help our long term rates. As many expected last December (and I did not think she would do it) Fed Chair Yellen did raise the overnight funds rates a measly 25bps and it did NOTHING to the rate market as it was already priced in for that to happen. With the feds position and belief that the economy is recovering its likely not the last increase, so expect incremental increases throughout 2016 as the feds try to increase rates without stalling out a still fragile economy.

NOW is a great time to be looking before more increases come into play.

here is today's data...

We have a heavy data calendar this week as we return from the holidays to kick off 2016. The data begins with Construction Spending and ISM Manufacturing today, followed by ADP, the Trade Balance, and Durable Goods Orders on Wednesday, and lastly followed by the Unemployment Report and Nonfarm Payrolls on Friday. Construction Spending slumped in November, down 0.40% (consensus +0.60%), following a 0.30% advance in October. ISM Manufacturing slipped to 48.20 from 48.60 prior (consensus 49.00). Treasuries are up this morning and the curve has flattened with 2s10s

us mortgages colorados own anf 580 FICO OK lender

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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. I'm glad you're busy, and not surprised - I must have seen you 2 dozen times on channel 9 over the holidays. BTW, I'm starting to get thirsty......

Jan 04, 2016 05:00 AM #1
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy


Good report, we were not surprised by the China news, Morgan Stanley had predicted something like that would happen in November...The Emperor's New Clothes are finally revealed.  A

Jan 04, 2016 05:55 AM #2
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

David, nice to see you posting again, missed you!   China is playing havoc with the stock market.  Hope your 2016 is much better than 2015! 

Jan 09, 2016 02:03 AM #3
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David Shamansky

Creative, Aggressive & 560 FICO - OK, Colorado Mtg
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