Mortgage Market Update for Friday July 25, 2008

By
Mortgage and Lending with Regency Mortgage Corporation NMLS #16825

Bonds had a nice rally yesterday and closed above a key level of resistance.  In order for confirmation of a technical break through the next trading day needs open above that as well......well bonds did not and they have given back 70% of yesterday's gains already.  The headline number of durable goods came in much better than expected.  Estimates called for negative 0.3% and the actual number was up 0.8%, stock market should open well today.  Friday's in the summer tend to be very volatile so expect yet another crazy day in the markets.

 

__________________________________________________________________________________________________ 

The above Mortgage Market Update information was provided by Bryan Flynn of Wells Fargo Home Mortgage.  Bryan can be reached at Bryan.K.Flynn@wellsfargo.com or by phone at 508.363.2223.  Bryan has worked in the Central Mass and Worcester area for the past 6 years as a mortgage loan officer.

 

More than likely, this is one of the largest and most important financial transactions you will ever make. I have a desire to help people out and love my job.  You might need a mortgage only four or five times in your entire life... but I do them every single day. It's your home and your future. It's my profession and my passion. I'm ready to work for your best interest.

 

For more information on my service please check out my Central Mass and Worcester Mortgageswebsite or you can click to view Bryan Flynn's Mortgage profile

 

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Rainmaker
1,051,680
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate
Hi Bryan - It would be nice if the rates cooperated and dropped back down a bit. Some good news would be nice.
Jul 25, 2008 01:58 AM #1
Rainmaker
66,652
Edward moloney
Edward Moloney Loan Officer GMH Mortgage Services - Holliston, MA
Loan Officer Providing 5 STAR SERVICE

Bill

You got your wish with the changes of Fannie and Freddie. Rates have been under 6% all week first time in a long time. How are you seeing this impact your businesss.

Bryan how is the change going with Wells?

Sep 13, 2008 11:24 PM #2
Rainer
25,107
Bryan Flynn
Regency Mortgage Corporation - Worcester, MA
Central Mass and Worcester Mortgages

Ed,

Super busy!!! 

Which is a good thing, just wish I was dealing with bigger loan amounts.

How are things going with you.

 

-Bryan

Sep 15, 2008 12:22 PM #3
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Rainer
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Bryan Flynn

Central Mass and Worcester Mortgages
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