Wall Street starts 2nd quarter 2008 off with a BANG.  (And that's no April Fool's joke)

The Dow currently up 295 points on better than expected ISM Manufacturing Index.  Economists were expecting this one to fall but the reading posted up to 48.6.  (Keeping in mind that a reading under 50 suggest contraction in the market)  Along with this, Oil drops to $100 a barrel and the dollar gains.

10 yr Treasury notes sell off leaving the yield up to 3.52% and pushing mortgage rates higher today.  MBA purchase application reports tomorrow followed by Jobless Claims on Thursday.

Good Luck,

 

5 Comments on Mortgage Market Update - 4/1/2008

APR
01
2008
291,891 Points Localism Sponsor Outside Blog

Hi Sherry,

Thanks for the update, and make it a great week.  Michael A. Caruso
12:08pm • #1
1 Featured Post
Thanks for the information.  It's really helpful to have such a concise report.
1:48pm • #2
Sherry,  Thanks for the update as your reports are very helpful!
1:56pm • #3
3 Featured Posts
Ah my Sherry, just another day in rateland and what a wonderful thing it has been.  Still even with the bump up rates are awesome
2:41pm • #4
APR
02
2008

Sherry,

Thanks again.  Your information is always helpful and insightful. 

Have a great rest of the week! 

 
8:32am • #5

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Sherry Connor

Charlotte, NC

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Fidelity and Trust Mortgage

Address: 2101 Rexford Road, Suite 350W, Charlotte, NC, 28209

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