Dennis' Mortgage Blog

December 28th, 2007 8:58 AM
Some not so positive economic news the past two day combined with the assassination of Benazir Bhutto in Pakistan have led to a surge in bond purchases the last two day--this is good news since rates were hammered earlier in the week.  We have dropped back down to prior Friday pricing this morning, the way the market is moving we should be lower by the afternoon.
 
Monday is sort of an open day, sort of closed depending on the lender--basically today is the last full business day of the 2007.  Thank you to everyone who helped and supported our business in 2007.  I look forward to working with each of you and your clients in 2008 providing excellent service, competitive mortgage programs and solid information to assist in decision making.
 
Rates for the final Friday of 2007:
 
30 year conventional at 1 point 5.875%
30 year jumbo at 1 point 6.75%
 
 
Please feel free to forward this email to your co-workers and clients--or send them to my Mortgage Blog where it is posted weekly.
 
Have a great weekend,
 
Dennis
 Friday, December 28, 2007
Posted by Dennis C. Smith on December 28th, 2007 8:58 AMPost a Comment (0)
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