Good morning!
MARKET UPDATE: Treasuries enjoyed a solid rally at the end of last week in the face of positive earnings and an improving 2nd Quarter GDP report; so it’s not shocking they are giving back profits this morning. Oversea markets improved, a Construction Spending report in positive territory, and an ISM Index report that was much better than anticipated have also combined to put pressure on the bond market. Later this week we have tomorrow the Personal Income and Spending reports, Wednesday brings us Factory Orders and the ISM Services number, Thursday is the weekly Initial Jobless Claims report, and Friday the Unemployment Rate and NonFarm Payrolls.
Quotes of the Day,
If you don’t know where you are going, you might wind up someplace else.
Yogi Berra
Go for the moon. If you don’t get it, you’ll still be heading for a star.
Willis Reed
The establishment of a clear, central purpose or goal in life is the starting point of all success.
Brian Tracy
Conventional Rates Jumbo Loan to $1M – 70% LTV Max
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15 Year Fixed |
30 Year Fixed |
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30 Year Jumbo Fixed |
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4.375% |
@ 2.0pts |
5.0% |
@ 1.75pts |
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5.875% |
@ 2.0pts |
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4.625% |
@ 1.25pts |
5.25% |
@ 1.0pts |
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6.25% |
@ 1.0pts |
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5.0% |
@ 0.0pts |
5.5% |
@ 0.0pts |
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6.5% |
@ 0.5pts |
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FHA/VA 30 Year Fixed |
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5.0% |
@ 1.75pts |
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5.125% |
@ 1.25pts |
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5.5% |
@ 0.0pts |
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Please call anyone of us for your pricing NEEDS!!!
Prospect Mortgage – Largest Privately Held Mortgage Banker in the United States.
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Robin Yamaguchi
Cell: 808-277-4055 Ph: 808-730-7801 Fax: 866-671-6539/808-483-2101 |
Paul Tamashiro Japanese Speaking Cell: 808-216-1395 Fax: 866-671-6554 |