Nashville Real Estate Forum

Weekend Market Update

June 2-3, 2007

Stocks rose, but so did interest rates, as the week ended with the Dow at a fresh, all-time closing high and the S&P 500 a stone’s throw away from an all-time high number. Job creation data showed non-farm payroll up by 157,000 in May, which was more than analysts had expected, and Treasury prices sank while yields shot up. The 10-year Treasury note closed at a yield of 4.96%. Continued merger and acquisition buzz and global economic strength are helping propel stocks, and while inflation signals are tame, Treasuries and interest rates are signaling inflation expectations and not liking the stock run-up.

30-Year Conventional Fixed

6.375% $100,000-$417,000

FHA-VA

6.25% $100,000-$226,100 (VA to $417,000)

Jumbo 30-Year Fixed

6.625% $417,000-$1,000,000

My Community 100%

6.75% $100,000-$417,000

Tennessee Housing Development Agency*

5.4% Great Rate 6.4% 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: 615-662-6114 Cell: 615-579-8658
Fax: 866-321-6513

"Gold will be around, gold will be money when the dollar and the euro
and the yuan and the ringgitt are mere memories." - Richard Russell

Representing An Equal Housing Lender

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

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