EXCERPTS FROM MARKZ: I did hear lots of reports from groups and bankers that rates were “populating” today

 EXCERPTS FROM MARKZ

MZ: I did hear lots of reports from groups and bankers that rates were “populating” today….and all throughout the day. Very encouraging, but does it mean anything more than a test……that is the question.

Member: I heard a rumor our rate will be around $3.22

MZ: We have seen everything from $.1.70 or so for much of the day…then we saw around $3.22 …but rates have been all over the board. $3.22 would make sense for a RI (Re-instatement) and one of the easiest things for them to do. imo

Member: did you hear from your bond contacts today?

MZ: No, but one of the contacts who will not comment on what has occurred yesterday evening at their appointment…has let me know that they are seeing rates populating.  Others have said the same and they all used that same terminology. So could it be a test? Or does it mean “now?” I don’t know. 

Member: Isaac just posted and said “Hello appt was today and I should get the confirmation Tuesday Wednesday, blessings.”

MZ: Sounds like his meeting with closing documents went well and he hopes to have dollars Tuesday or Wednesday of next week. 

MZ: I was told on the bond deals it would take 3-5 business days to move and complete transactions.