Mortgage Market Update: We thought we should touch bases with you to assure you that all is not doom and gloom in the mortgage business. The current turmoil in the mortgage markets is not as bad as portrayed in the press. Conforming rates are dropping and approaching 6%, jumbo rates have gone up some but are still available. In addition, 100% financing (full doc), interest-only products and loans for borrowers with credit scores under 620 are still available.

Call your clients, Realtors, accountants and financial planners and assure them that you are alive and well and tell them what is really going on. Everyone wants to know.

Call us on your scenarios. We are approving and funding loans and want your business!

www.SantaCruzHomeFinance.com