Nashville Real Estate Forum

Weekend Market Update

Dec. 29-30, 2007

New-home sales tumbled 9 percent in November from October to a seasonally adjusted annual sales pace of 647,000, the Commerce Department reported Friday. That was the worst one-month sales pace since April 1995. Stocks closed modestly up on Friday, but the home sales report fueled concerns that housing woes would continue to dog the markets in 2008. Some economists speculate that we may have entered a recession in December. Mortgage rates were supported by a favorable bond market on Friday, and the 10-year Treasury yield closed slightly lower for the week at 4.1%.

30-Year Conventional Fixed

5.875% $100,000-$417,000

FHA-VA

6% $100,000-$226,100 (VA to $417,000)

Jumbo 30-Year Fixed

6.5% $417,000-$1,000,000

Flex 100%

6.75% $100,000-$417,000

...by Gary Moore

(0% points, 1% origination, 30-day lock. Rate pricing subject to change and program guidelines.)

Cell: 615-579-8658 Fax: 866-321-6513

"Effective managers live in the present - but concentrate on the future." - James L. Hayes

Call for free pre-approval and information
about the best program for you!

Visit my mortgage web site: http://BrentwoodHomeLoan.com