Nashville Real Estate Forum

Weekend Market Update

June 28-29, 2008

Worries about high commodity prices and continued write-downs among financial institutions slammed stocks this week, with the Dow average down 4.2% for the week and almost 20% below its all-time high set last October. Oil hit another in a string of record highs, stopping just shy of $143 a barrel. The Fed met this week and left its short-term rate unchanged as it weighs inflation forces against the need to support a weak economy. Money moving from stocks and into safer plays was good for Treasuries and mortgage rates. The 10-year Treasury dipped below 4% yield and closed at a 3.99% yield on Friday.

30-Year Conventional Fixed

6.25% $200,000-$432,500

FHA-VA

6.375% $100,000-$432,500

Guaranteed Rural Housing w/no MI

6.75% $100,000-$432,500

30-Year Fixed w/Lender-Paid MI

6.5% $100,000-$432,500

Call for free pre-approval and to discover

the best financing for you!

...by Gary Moore

Cell: 615-579-8658

Toll-free fax: 866-321-6513

“Life is like playing a violin in public and learning the instrument as one goes on.” --Samuel Butler

Visit my website: http://BrentwoodHomeLoan.com

(0% points, 1% origination, 30-day lock. Market Update informs on market trends and is not a quote for a unique borrower.)