Nashville Real Estate Forum

Weekend Market Update

March 29-30, 2008

Stocks fell on Friday after J.C. Penney cut earnings estimates, signaling weakness in consumer spending. Financial shares were off as a prominent analyst predicted bank shares would drop an additional 25%. The 10-year Treasury closed at a yield of 3.47%, and mortgage rates were fairly flat for the week. The University of Michigan’s Index of Consumer Sentiment fell to 69.5 for March, which could be taken as a sign of economic weakness and thus a benefit to inflation-hating bonds.

30-Year Conventional Fixed

5.75% $200,000-$432,500

FHA-VA

6% $100,000-$432,500

Jumbo 30-Year Fixed

6.75% $432,550-$1,000,000

Call for free pre-approval and to discover

the best financing for you!

...by Gary Moore

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

"If the business does well, the stock eventually follows." - Warren Buffet

Visit my mortgage web site: 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. Rate pricing is subject to change, borrower profile, program guidelines.)