Nashville Real Estate Forum

Weekend Market Update

May 31-June 1, 2008

Consumer confidence fell to its lowest level in 28 years, with the University of Michigan’s sentiment index dropping to 59.8, while tech stocks rose after Dell reported a positive earnings surprise. While U.S. buying may be stagnant, the strength in semiconductor and other tech stocks is being supported by global demand. Interest rates turned up for the week, although mortgage rates improved on Friday, and the 10-year Treasury crossed above 4% yield for the first time since early January. Some mortgage rate watchers believe the trend in rates is now up.

30-Year Conventional Fixed

6% $200,000-$432,500

FHA-VA

6.25% $100,000-$432,500

Guaranteed Rural Housing w/no MI

6.5% $100,000-$432,500

7/1 ARM Interest-Only

5.75% $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

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value." - Alan Greenspan

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. Reply to discontinue Update.)