Phil Grossfield's Blog

My Schedule…and A Little Extra:  Am I a wimp?  I got roughed up at my massage last night.  On the form I had to fill out there was a field for “why are you getting a massage.”  I wrote, “gift from my wife…want to relax.”  The massage therapist came in and repeated this to me.  My massage was anything but relaxing.  I think she was mad about something, or somebody.  She was a strong woman…in fact it was a little scary how strong she was.  Now, I don’t consider myself a wimp…I’ve had deep-tissue massages before…I know what it is.  But I didn’t want that this time and I was, in fact, pretty sore from working out a few days in a row.  I was reluctant to tell her to take it back a notch…after all I didn’t want her to think I was a wimp, right?  But I had no choice…I was wincing and holding my breath.  What the heck is going on?  First, I get terrorized by a would-be hair-stylist and then I get roughed-up by an over-zealous massage therapist.  I had a doctor’s appointment scheduled next week…I’m cancelling.

My Mystery Lyric:  Who’s to say — What’s impossible Well they forgot — This world keeps spinning And with each new day — I can feel a change in everything — And as the surface breaks reflections fade — But in some ways they remain the same — And as my mind begins to spread its wings
There’s no stopping curiosity —Answer

My Market Watch:  Bonds and rates hit all time highs yesterday.  Rates can’t get much better.  Even though there is no indication of rising rates, I highly advise you lock 45 days or more.  Why more?  Because when rates go up, and they will go up eventually, operations will be slammed since everyone will be pushing harder than ever to close their loans.  You might need more time.  If that happens, our Lock Desk will change its tune…they will not have the luxury of being as generous as they are now.  Make no mistake about it, Capital Markets will have no choice but to enforce strict adherence to the lock term and our relock policy will no longer be applicable.  And here’s the thing…with rates so low and pricing so good, you should have no problem locking in a longer term to protect your client and still be able to get the deal, yes?  Disclaimer

My Schedule: Available all day….

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Guideline Guidance to get a clean underwriting decision resulting in happiness and adulation, or, you could IGNORE THIS and find yourself with a long list of conditions, a huge hassle, and massive frustration