Market Update April 18th:
This morning’s rally in the bond market today has been good considering rising interest rates earlier in the week. Mortgage pricing went down for the day.
The chances of 50 basis points of easing at the FOMC meeting April 30 have evaporated and are now chomping away at the 25 basis point cut signaling that the credit crisis could be near the end.
***Do you know someone who wants a mortgage at less than 5%? Call me for details.***
***100% financing to $500,000? Ask me how.***
See the articles below: The big news for the day was Google reports a 30% profit increase which blew most analyst projects out of the water.
Have a great weekend and by the way, I’m never too busy for any of your mortgage referrals!