Today’s Market Update- Monday August 3 rd, 2009 3:16 PM ET
Current Trend Direction: Sideways
Risks favor: Carefully Floating
Current Price of FNMA 4.50% Bond $100.03, -59bp
Mortgage Bonds are sharply lower today since prices on Friday could not break above the
100-day Moving Average. Stocks continue to move higher and is adding selling pressure to Bonds.
There is a big week of market moving news ahead with the Personal Consumption Expenditure Index report tomorrow and Fridays Jobs Report. Another big mover may be Thursday’s announcement regarding the next round of Treasury Auctions for the following week.

With little being done by the banks and the government regarding the middle to high end real estate and mortgage market, we continue to offer some of the lowest rates on these loans. Right now is a good time to call us for a free consultation.


30 Year Fixed Rates
5.25% APR 5.27%- No Points
30 Year Fixed No Income Check
5.875% APR 5.90% - No Points
30-Year Jumbo Fixed Rates to $729,000
5.25% APR 5.27%- 1 Point
30-Year Jumbo Fixed Rates to $1,000,000
6.00% APR 6.01%- No Points
5/1 Jumbo Arm to $1,500,000
4.50% APR 4.54% - No Points
7/1 Jumbo Arm to $1,500,000
5.00% APR 4.69% - No Points
Call for rates on more loan programs not listed here.