Market Update August 9, 2016

viral-vicHello Friends,

Last Fridays surprise BLS jobs numbers were strong enough to spur a rally in stocks that hit a new record high. That caused the 10 year treasury bond yield to approach 1.6% today with mortgage rates floating up for over a week since we got close to bottom on July 29th. The first wave is starting close with a second wave soon to follow. Now working on wave number three. Hopefully I can rides these waves out to the election.

Thanks,

Viral (Vic) Joshi

Loan Consultant/Branch Manager

C2 Financial Corporation

510.655.2868 Direct

510.853.2407 Cell

510.291.2824 eFax

viral@vicjoshi.com

www.vicjoshi.com

BRE# 01242935

NMLS# 244388