Mortgage Market Update - 5/15/08

In the news today, Jobless Claims are up for first time applications ot 371,000.  Economists had predicted it would increase to 370,000.  Typically when Unemployment is up the stock should be down and the bond market should be up.  Not always the case as Unemployment is a "lagging" indicator so the report is coming out after the fact and other market conditions affect the markets in "real time".  Just a little educational information today. 

Bond Yield still hovering around 3.9%...Rates on Mortgage loans in the low 6's.  Good Luck 

 

 
Posted by Sherry Bradley on 05/15/2008 10:02 AM   Comments (3)   , , ,  
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3 Comments on Mortgage Market Update - 5/15/08

It's a crazy, crazy mortgage world, isn't it?

05/15/2008 02:11 PM by Don Draughn - Mortgage Professional (High Point NC Mortgages)

Very Crazy Don- Very Crazy!

05/15/2008 02:18 PM by Sherry Bradley (Fidelity and Trust Mortgage)

Thanks for the update. Low 6 isn't bad.

 

Kevin

05/15/2008 02:27 PM by Kevin McGourty - Moving Help - nationwide (MovingHelp.com)

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Loan Officer: Sherry Bradley (Fidelity and Trust Mortgage)
Sherry Bradley
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