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
Good morning all.Today's news is likely going to cause a minor hit to pricing as builders are stating they are seeing strong demand for product and have a very optimistic outlook. While this is always good news the reality behind it is not shocking at all. When building was all but extinct for se...
10/20/2015
Being a Denverite, I love the Broncos and I also think Peyton Manning's career speaks for itself. Holding many a NFL record and being a great role model he is an inspiration to many. With that said there is also a time in everyone's career when its simply time to call it quits and Peyton is 1 yr ...
10/18/2015
Not much news today and I don't see much movement to rates in the short term either. The FNMA 3.0 coupon closed yesterday at 101.625 and is currently sitting just below 101.600.The real reason we cannot see rate hikes right now is we have NO leadership, lots of finger pointing (this doesn't help ...
10/16/2015
Today is a very special day. Its the real deadline tax day for all who owe money and filed extensions lol.With that said the US economy may be able to hold off an extra day before raising the debt ceiling, yet again???OK on to more pertinent items for today's report.Jobless claims fell... Yea exc...
10/15/2015
YES... I am back lolSorry for the week long gap the TRID issues and addl challenges from the recent fed change, have greatly caused undue stress and time lost. Many changes and misinformation given and many a fire to put out and resolve to not cause addl delays... why you see everyone across the ...
10/14/2015
Today is very light on economic news so dont expect much movement in rates or pricing. There has been a slight shift in the FNMA 3.0 coupon which is currently down and actually slightly under the resistance level of 101.5 , sitting at 101.438.I do think we close at 101.50 but if we continue to lo...
10/07/2015
Bonds appear to be entrenched in their new trading range and are showing very strong support levels for the floor of 101.5 to the ceiling of 102 (FNMA 3.0 coupon). With a fragile economy I expect rates to remain at very favorable levels through the end of the year. I don't like seeing the numbers...
10/06/2015
Today is not bringing about much news for the marketplace BUT I find it interesting to see that not 1 day since the markets gained over 50bps from the horrible jobs report that the trading numbers have fallen to levels just slightly above last week (pre announcement).The FNMA 3.0 coupon is now tr...
10/05/2015
Today brings about very good news for rates and very disturbing news for the economy.Even the lackluster expectations for new jobs at 200k were not only NOT hit but missed heavily coming in at 142k. This sent shock waves throughout the marketplace and the FNMA 3.0 took yet another 50 bps jump tod...
10/02/2015
Today entrenched the trading range, which is a good thing as they have improved by a solid 50-75bps over previous, and saw the FNMA 3.0 coupon not only hit the ceiling of 101.50 but pierce it for a couple hours before finally closing for the day at 101.469.Tomorrows news should be interesting as ...
10/01/2015
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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.