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Mortgage Market Update - 3/26/2008

Stocks open down this morning as investors face bad news from all angles...New Homes Sales down to a new 13 year low in February, Factory orders were down and oil spiked $3 a barrel. On top of that, the proposed $19 million buyout of Clear Channel is not to clear as banks are relunctant to lend.

Bonds rally as the yield hits 3.45% down from yesterday at 3.5%. Should see lower mortgages rates today...but that could all change quickly.

Good Luck!

Posted by Sherry Connor on 03/26/2008 10:06 AM

Comments (6)

mortgage market update, sherry bradley, mortgage loan officer, refi, refinance, finance

6 Comments on Mortgage Market Update - 3/26/2008

MAR

2008

we all need a little luck today as the time are crazy....

It's like watching a bouncing ball....thanks for the update

Sherry, What a turbulent market.

I read this morning that banks are hording cash from all sources including the fed's and not passing it out in the form of loans to other banks and borrowers. It is a crazy time. The fed said they are concerned the auctions they have had are not having the effect they were intended to.

With durable goods reporting significantly less that anticipated coupled with new homes sales down as well we are looking pretty good in reagrds to interest rates. Always knocking on wood, but i hope to see more improvment throught the week. It will depend on where reports come in the next couple days. Everyday keeps you on your toes. Always interesting

It certainly could all change quickly. Who knows what will happen in this market.

MAR

2008

Sherry,

Does it remind you of a roller coaster?

Jim

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