Life, Lessons, Encouragement and a little market insight to boot

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Mortgage and Lending - US Mortgages - David Shamansky - NMLS#392126
Positive reinforcer, Productive encourager, Entreprenuer, Life Coach, Success Coach, Wealth Builder, Business Leader and Professional Lender.
RECENT BLOG POSTS
This could "potentially" be an interesting week for rates. With all eyes on Fed Chair, Yellen's, speech on Wednesday investors will be looking into the detail fo each word spoken to see if there is a hint at upcoming monetary policy. While no one expects her to come out and give a date for an inc...
06/15/2015
This game starts in like 3 minutes. I was excited to see another good NBA finals and this one has not disappointed. With Lebron and Stephen Curry leading the way I expect tonights game to be just as well matched and just as close as games 1-3, game 4 the cavs just didnt seem ready to play.Anyway ...
06/14/2015
Ha Ha!You HAVE to love this market or you'd likely jump off a cliff, trying to make sense out of it.Market goes into a full on frenzied rally on BS data for summer jobs and part time work (primarily) and we see catastrophic losses over 300bps! Feds make their speech and are NOT raising rates in J...
06/11/2015
I cannot tell you how many times I have had to answer this questions recently. With the FNMA coupon losing very close to 300bps over the last 2+ weeks the rates have spiked a full 1/2% (this is to RATE not price)!Calls asking are rates now finally heading north and going to stay?The answer to tha...
06/10/2015
Well in another in a long wave of bonds hits today opens up bringing us more of the same with an opening bell loss of -16bps and then at the 30 min mark another 25bps loss putting the Bonds down nearly a 1/2 point for the day, from already heavily sold numbers.If you are not locked you have every...
06/09/2015
AHHHHH finally!!!! With this post I now have joined the ranks of 145 others to be an AR Millionaire!Lots of time and dedication is what it takes to join this club and I am happy to be part of it. Not only has it been a fun ride but it has been so much more than I ever expected it to be.Here's to ...
06/05/2015
this is why I LOVE ADP reports. NEVER accurate and yet it garners major market movements... WHY?Anyway enough about the stupidity in that worthless report. Tomorrows data is not even out yet (to most of us anyways) and yet the bonds rallied back nearly 60bps of yesterdays losses?What does that in...
06/04/2015
WOW Today brought about some unexpected oversell, based on data.From what I can derive from the data below it appears a lot of weight was given to the ADP payroll report (which is well known to be far from accurate but for some reason people still give merit to it??) WHY???Anyway I am by no means...
06/03/2015
Mortgage rates are definitely making a strong move upwards since ending last week on a positive note. Both yesterday and today brought losses just below 100bps ahead of Fridays non farm payroll report. What does this mean to a consumer?Well if your loan is NOT locked the same loan you could have ...
06/02/2015
Regardless of what direction the market turns (if any) I do not think this weeks non Farm Payroll will be as critical as what happens for Greece and its debt restructuring.With Greece on a possible exit from the Euro, should talks about restructure and a severe slowdown to huge governmental spend...
06/01/2015
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David Shamansky

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Life, Lessons, Encouragment and a little market insight to boot, is a blog written by David Shamansky. I write this as a daily informational and encouragement resource to others in the real estate and mortgage community.