Nashville Real Estate Forum

Weekend Market Update

Feb. 16-17, 2008

Stocks finished down on Friday but up for the week, despite high volatility and against a backdrop of weak manufacturing data, rising oil prices, and consumer confidence at a 16-year low. Fed chairman Ben Bernanke testified before a Senate committee that the economy would continue to be weak but may begin a recovery before year’s end. Some market watchers read into his remarks that the Fed was done dropping short-term rates. Treasuries were off for the week, with the 10-year note rising to 3.78% yield, and mortgage rates were up. Financial stocks were the worst performers on Friday after an analyst said the banking sector might face $203 billion in credit-related losses in 2008.

30-Year Conventional Fixed

6% $200,000-$417,000

FHA-VA

6% $100,000-$227,10

Jumbo 30-Year Fixed

6.875% $417,000-$1,000,000

Flex 100%

6.25% $150,000-$417,000

...by Gary Moore

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

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

"If you buy the same securities as other people, you will have the same results as other people."

- Sir John Templeton

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the best financing for you!

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