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June 09 (month end) market comment.

By
Mortgage and Lending with Home Loan Investment Bank NMLS 49493

Predicting rates isn't very easy and at times it is somewhat difficult trying to guess in what direction the rates will be headed. The fear of inflation usually helps in determining if rates are headed up or down. In the past week or so, it appears that the threat of inflation seems to be diminishing a bit. This is helping the bond market relax and there is now a downward trend with the rates. We are comfortably back in the low 5's and if you missed the opportunity to replace an existing mortgage with one with a lower rate a few months ago, act now and act quickly. Jason.

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Jason E Potrzeba

Loan Advisor

Acadia Advisory Group

Riverside RI 02915

(401) 580-7612 Cell

(401) 223-4975 Fax

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