Nashville Real Estate Forum

Weekend Market Update

May 19-20, 2007

Interest rates walked hand-in-hand with gas prices this week as mortgage rates edged upwards while gas at the pump was ringing up $3 a gallon. Wall Street’s direction remained up as the Dow set another all-time closing high on Friday after merger and acquisition activity involving the likes of GE and Microsoft fueled the rising values scenario. The 10-year Treasury climbed in yield to 4.81% at Friday’s close and prompted institutional lenders to incrementally raise mortgage rate pricing all week long whenever Treasuries rose.

30-Year Conventional Fixed

6.125% $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.)

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

"There is nothing permanent except change." - Heraclitus

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

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