This week is gonna be interesting.  Stimulus checks go out today and there is a hint that the Fed will lower rates at the FOMC meeting on Wednesday.  Stocks are trying to rise and the bond market is selling up as well.  Yield currently at 3.84%.

Mortgage rates on conventional loans still hovering around 6%, gas prices still climbing, food prices are climbing and unemployment rate still high.  We sure could use a shot the arm!  Good Luck,

 

 

 
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1 Comments on Mortgage Market Update - 4/28/08

APR
28
2008
Localism Sponsor
Let's pray for the best!!!!!
11:13am • #1

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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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