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Ladewig Market Update

By
Mortgage and Lending with LoanOfficerSchool.com NMLS 291249

Wholesale mortgage rates are down this morning after Fannie Mae Mortgage Backed Securities slid 6.7 basis points to 6.310% from 6.377% on Monday.  A basis point is 1/100 of a percent

Dow Stocks were up 136 in early trading.

Treasury yields increased early Tuesday, as U.S. stock markets headed higher after U.S. consumer confidence unexpectedly ticked up in July, the Conference Board reported Tuesday. The level remained relatively low and job concerns persisted.

Daily market updates are available at: http://www.YourFhaGuru.com

 

Comments (2)

James G. Pycha
James Pycha (R) - REMAX KAUAI - Princeville, HI
(R), REMAX Kauai Broker

Aloha from Kauai, Hawaii . . . .

Thanks for your post.

Keep up the good work and keep the faith !!  This cycle will surely turn.

Jul 29, 2008 04:39 AM
Bill Ladewig
LoanOfficerSchool.com - Escondido, CA
Experience Is Your Advantage

Thanks, and the cycle always turns we just have to hang on.

Jul 29, 2008 10:57 AM