Nashville Real Estate Forum

Weekend Market Update

June 30-July 1, 2007

The Federal Reserve met this week and left its benchmark interest rate unchanged, but its outlook statement afterwards said price pressures remain a key concern. U.S. interest rate futures dropped the odds from 50% before the meeting to 20% after the meeting that the Fed would cut rates this year. Crude oil prices poked above $70 a barrel on Friday, and the government reported anti-inflationary data with May’s Personal Consumption Expenditure index reading its lowest since March, 2004. Mortgage interest rates eased off this week from a recent ascent, and the 10-year Treasury backed down a bit to yield 5.05% in Friday’s trading.

30-Year Conventional Fixed

6.5% $100,000-$417,000

FHA-VA

6.5% $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: 615-662-6114 Cell: 615-579-8658 Fax: 615-373-9879

"Money is better than poverty, if only for financial reasons." - Woody Allen

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