Marc's Mortgage Matter's

Goodbye, 2009. Typing "2009" is so much easier than typing "2010", but such is life. And folks who are better at using words than I am ("than me"?) say 2010 is pronounced "twenty-ten", not "two-thousand ten". Speaking of “2’s” and “1’s”, The U.S. Treasury had a record year of debt sales last year, selling more than $2.1 trillion in bonds and notes, a record and more than the amount in the previous two years combined!

Why are rates (higher) where they are? The answer is stronger-than-expected economic news. Well, Thursday morning we learned that Jobless Claims unexpectedly fell by 22,000 to 432,000, which is their lowest level in almost a year and a half. Continuing Claims fell by 57,000. So the thinking goes that “if fewer people are filing jobless claims, the employment picture is starting to look a little rosier, which means that the economy must be doing better…”

As 2009 has been a difficult year for far too many people, plenty of folks are probably not sorry to see it go. Whether that's the case or not for you, we'd like to wish our clients and friends a happy, healthy and prosperous 2010.

A client bought a new home and the broker wanted to send flowers for the occasion.
The flowers arrived at the home and the owner read the card; it said "Rest in Peace".
The owner was angry and called the florist to complain.
After he had told the florist of the obvious mistake and how angry he was, the florist said, "Sir, I'm really sorry for the mistake, but rather than getting angry you should imagine this: somewhere there is a funeral taking place today, and they have flowers with a note saying, "Congratulations on your new home".