Expect higher rates today as the Bond yield is currently at 3.92%.  Not surprising as the Stock Market heads above 13000 again.  Pending home sales down 20% from this time a year ago, but this was expected given the market.

On a side note, how about Walt Disney profits up 22%.  AHHH, the magic of Disney.  Wachovia reported a correction to it 1st quarter loss to an even bigger loss due to Insurance write down.  The mortgage mess is not over yet, but I do see light at the end of the tunnel.

Good luck,

 

 
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1 Comments on Mortgage Market Update - 5/7/08

MAY
07
2008
3 Featured Posts
a light at the end of the tunnel or is it the oncoming train
1:14pm • #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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