lake oconee community bank: Mortgage News 3/12/09 - 03/12/09 02:43 AM
Good Morning
Here is a mortgage update from Jeff Hancock, Senior Loan Officer, Lake Oconee Community Bank.
5 Nuggets of Good NewsThe stock market staged its biggest rally of the year yesterday with the DOW up over 370 points!  Normally, a rally like this pulls investors out of the bond market and pushes mortgage rates higher.  But this did not happen yesterday as mortgage rates stayed flat.  This is an indication that new money came into the market, which is good news!
More good news to report as the Fed continues to purchase huge chunks of Mortgage-Backed Securities, which is … (0 comments)


Brad Warnock

Reynolds Plantation, GA

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Coldwell Banker Lake Country

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