Phil Grossfield's Blog

A LITTLE EXTRA…

Coach K Is A Greedy Devil — Bonds Improved

coachKCoach K Is Greedy And The Devil.  How many national championships does one coach need anyway?  You couldn’t let Wisconsin have one…just one?!!  Nooooooooo, you have to be the big shot and win them all, don’t you Coach K!  And what kind of name is that anyway?  Nobody even knows how to pronounce your name so they had to shorten it to one letter…what kind of coach has only one letter as his name?!  Is it a coincidence that he coaches for the “Devils?”  I think not!

The last time Wisconsin won a championship was 1941.  Here’s our chance we have to go up against Duke. Really?  And we have to go up against a coach with just one letter in his name.  Seriously?  And don’t give me any of this you have to be a good sport crap…only winning teams say that.

smileythumb2Okay, I’m calm now…have a great day!  🙂 

 

My Market Update (April 7, 2015)

The Fannie Mae 30-year bond is down up +5bps since yesterday’s close.  Generally a lender’s pricing improves when the bond is being bought.

improvementThe bond is actually up approximately +19bps since our rates came out which might influence Cap Markets to issue a reprice improvement.  Therefore, if you intended on locking today, I would hold off to see if a reprice comes our way…  Let me know if you want to discuss.

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