Nashville Real Estate Forum

Weekend Market Update

July 14-15, 2007

U.S. stock market indices hit all-time highs this week as Treasuries and mortgage interest rates were choppy but essentially unchanged week-over-week. General Electric announced it was selling its sub-prime mortgage division after losing half a billion dollars in the first half of 2007. GE also announced it was pumping up a stock buyback program to $14 billion, and such corporate buybacks and a positive corporate merger and acquisition environment have helped to propel stocks since February, in spite of rising oil prices, higher interest rates, and those sub-prime mortgage woes. The Reuters/University of Michigan sentiment survey was mixed on inflation expectations, watched carefully by Federal Reserve monetary policy makers. One-year inflation expectations eased slightly, while five-year inflation expectations rose.

30-Year Conventional Fixed

6.625% $100,000-$417,000

FHA-VA

6.625% $100,000-$226,100 (VA to $417,000)

Jumbo 30-Year Fixed

6.75% $417,000-$1,000,000

My Community 100%

7.25% $100,000-$417,000

Tennessee Housing Development Agency*

5.7% Great Rate 6.7% Great Start *Call for loan limits, guidelines

...by Gary Moore

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

Office: 615-377-0794  Cell: 615-579-8658  Fax: 866-321-6513

"By persisting in your path, though you forfeit the little, you gain the great." - Ralph Waldo Emerson

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

Visit my mortgageweb site: http://BrentwoodHomeLoan.com