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 

 

 
Post is included in group: North Carolina Real Estate
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5 Comments on Mortgage Market Update - 5/15/08

MAY
15
2008
1 Featured Post

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

2:11pm • #1

Very Crazy Don- Very Crazy!

2:18pm • #2

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

 

Kevin

2:27pm • #3
NOV
21

have you thought of syndicating your blog at real estate loans dot come for a little more consumer views?

mike
8:32pm • #4
DEC
16

Wow things have changed since your post!

7:13am • #5

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Sherry Connor

Charlotte, NC

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Fidelity and Trust Mortgage

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