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Mortgage Commentary March 20, 2008

By
Mortgage and Lending with PHH Mortgage

 

 

The Daily Market Commentary for

March 20, 2008

 

MVP of the Day:

Our Pride

 

Capitalize on diversity.

 

Click on the link below to take you to the market news of the day!

 

http://www.cnnmoney.com/

 

What have rates done today?

 

MBS 30-Year Conventional

Slightly Lower

Jumbo Fixed

Relatively Unchanged

VA Programs

Relatively Unchanged

 

  

 

Lock Expiration Dates

 

30 day lock 

04/21/08

45 day lock

05/05/08

60 day lock

05/19/08

90 day lock

06/18/08

  

Some Key Economic Reports to be released this week which may influence the mortgage interest rate market

Week Ending 03/21

 

Mon

Current Account Balance

 

NY Fed Index

 

Industrial Production

 

Capacity Utilization

Tue

Housing Starts

 

Building Permits

 

Producer Price Index

 

Core PPI

 

FOMC Policy Statement

Thur

Initial Jobless Claims

 

Leading Indicators

 

Philadelphia Fed Index

Fri

Markets Closed

Quote of the Day:

"The toughest thing about success is that you've got to keep on being a success."

-Irving Berlin

 

Our Mission

 

We promise to treat customers like family while providing financing for the American dream. The experience will be smooth, easy and at times fun. We will do this with unequalled passion and expertise.