Wednesday, February 20, 2008

Mortgage Market Update 2/20/08 - Mid-day rate Reprice

I have GOOD news this time! Don't get too excited - It's a slight change for the better. The bond yield dropped below 6.90% due to bond sales rising. The stock market is basically flat ...and word on Wall street/Fed etc. is that this year is looking a lot like 1991 recession.

I entered the mortgage world in 1991, so I remember what it was like. For those of you who remember that year...It was tough! But we all survived and we will survive this too.

Good Luck!

No comments: