Nashville Real Estate Forum

Weekend Market Update

Sept. 8-9, 2007

Stocks fell sharply on low volume Friday, driving the Dow and the Nasdaq down more than 2 percent as the government announced the first monthly drop in payrolls in four years, stoking market worries about a recession. Mortgage rate pricing benefited slightly as did Treasuries with the 10-year trading at a yield of 4.37%. THDA rates rose this week to 6% for the “Great Rate” program and 7% for the “Great Start” program.

30-Year Conventional Fixed

6.25% $100,000-$417,000

FHA-VA

6.25% $100,000-$226,100 (VA to $417,000)

Jumbo 30-Year Fixed

7.75% $417,000-$1,000,000

Flex 100%

6.75% $100,000-$417,000

Tennessee Housing Development Agency*

6% Great Rate 7% Great Start *Call for loan limits, guidelines

...by Gary Moore

(0% points, 1% origination, 30-day lock. Rate pricing subject to change and program guidelines.)

Office: 615-377-0794 Cell: 615-579-8658
Fax: 866-321-6513

"We are not makers of history. We are made by history." -- Martin Luther King, Jr.

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

Visit my real estate web site: http://realcarte.com

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