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Stock Market Down Sharply Bonds Rallying!

This is great news for your clients as mortgage rates will be very attractive tomorrow. If you have rate shoppers call me ASAP, we can close quickly and save them a lot of money!

Bill Young
Senior Loan Officer
Direct Phone: (208) 472-5319
Mobile Phone: (208) 407-9933
Fax: (208) 472-8601
Email: byoung@metrocitiesmtg.com


1065 S Allante Place
Boise, ID 83709

Published Tuesday, February 27, 2007 5:57 PM by Rick Snyder

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Bill Young said:

Stocks Climb After Yesterday's Plunge

AP - Stocks searched for stability Wednesday after the previous session's 416-point plunge in the Dow industrials, as investors digested a barrage of economic data and found some comfort in Federal Reserve Chairman Ben Bernanke's comment that no single trigger was responsible for Tuesday's selloff.

Appears to be a one day event.  Chairman Bernanke assured investors that no liquidity issues are at stake.  This leads me to believe that rates will rebound higher tomorrow.  This event was actually caused in my opinion by past Fed Chairman Greenspan's comment yesterday suggesting a rececession posibilty later this year.  Combined with shake-up in the international markets.  

February 28, 2007 11:09 AM
 

Steve Pallesen said:

Yea, the one saving grace in this market is low interest rates. What is happening with investor programs. Any 0 down, and at what rate with a 700+ score?

May 8, 2007 9:04 PM

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