Prospect Mortgage’s Daily Rates – May 18th, 2009

Good morning!

MARKET UPDATE:  Overall news flow is slow this morning, but the lack of headlines hasn’t prevented stocks from making solid, broad-based gains in the early going as all 10 major sectors in the S&P 500 march higher. Better-than-expected earnings and an upbeat forecast from Lowe’s (LOW) has only helped support the positive bias. Banking issues and shares of other financial services companies are garnering particular support following reports that analysts at Goldman Sachs have added shares

of Bank of America (BAC) to their buy list, and participants are shrugging off a Financial Times report stating that small to mid-size U.S. banks may still be in need of some $24 billion in capital.

 Quotes of the Day,  

The starting point of all achievement is desire. Keep this constantly in mind. Weak desires bring weak results, just as a small amount of fire makes a small amount of heat.

          Napoleon Hill

It is nature of man to rise to greatness if greatness is expected of him.

          John Steinbeck

Vision without action is a daydream. Action without vision is a nightmare.

          Japanese Proverb

Conventional Rates                                                                                Jumbo Loan to $1M – 70% LTV Max

Please call anyone of us for your pricing NEEDS!!!

Prospect Mortgage – Largest Privately Held Mortgage Banker in the United States.