Dear Clients,

Well I guess no news is good news for low interest rates.  Prime did not move this week and the Budget is saying - we are afraid of upsetting the apple cart by making any real changes - other than to cut back on their spending.  Europe is getting really shaky with Greece Bankrupting and Portugal is holding on by their finger nails.  The Commercial paper which was secured and insured is coming down the chute right now and we can expect troubles in the States to continue to grow by leaps and bounds.

It seems like a lot of reporters are writing articles like crazy but most of them make absolutely no sense.  If I find something this week that is of real value to your knowledge level we will send it over.

So stop reading the headlines and sit tight we are now moving well below prime.  The economic situation just continues to get bleaker and dollar is staying high in the high .90's

Still absolutely not recommending any lock-ins as the rates are steadily dropping.  There is nothing supporting any sustainable growth in GDP.  The last 1\4 of 2009 is not continuing this quarter. 

So keep on doing the RATE DANCE (thanks to one of my favorite clients for that one) you are doing a great job at saving thousands and thousands of dollars and paying down your mortgage at record speed.

If you are .60 above prime or higher please contact us about dropping your rate.   If you also know of anyone who should refinance to pay out lines and cards they should do so now as we only have 3 weeks left to use the 95% financing for this.

 Prime still at 2.25%

 Lock in rates (not recommending lock in)

3 yr     3.45%

4 yr     3.84%

5 yr     3.89%

Have a fabulous weekend and get a tan!

Suzanne Boyce

Broker\ Owner