Interest Rate Report for Tuesday May 20, 2008

Mortgage Bonds lose some momentum from previous highs but are still in positive territory. Stocks in the red after hitting resistance levels yesterday.

Oil hits record $129.58 a barrel in NYMEX trading - stocks suffer. Investors flock to bonds.

Home Depot posts a 66% drop in net income due to the slowing economy and housing slump.

We recommend floating but be prepared to take advantage of these recent price improvements. Because referral and repeat business built on solid advice not just price.

Thank you for listening to www.ContactHerrick.com .  We will have another report for you, your family, your friends and your important business contacts later this week. 

A quote from Rosalynn Carter

"You have to have confidence in your ability, and then be tough enough to follow through."

Roger Herrick

Mortgage Broker

www.ContactHerrick.com