Prospect Mortgage – Daily Rates – August 3rd, 2009

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

 

 

 15 Year Fixed

 

 

30 Year Fixed

 

 

30 Year Jumbo Fixed

         

 

 

 

4.375%

@ 2.0pts

 

5.0%

@ 1.75pts

 

5.875%

@ 2.0pts

         

 

 

 

4.625%

@ 1.25pts

 

5.25%

@ 1.0pts

 

6.25%

@ 1.0pts

         

 

 

 

5.0%

@ 0.0pts

 

5.5%

@ 0.0pts

 

6.5%

@ 0.5pts

          

       

 

 

 

         

 

 

 

FHA/VA 30 Year Fixed

   

 

 

         

 

 

5.0%

@ 1.75pts

     

 

 

         

 

 

5.125%

@ 1.25pts

     

 

 

         

 

 

5.5%

@ 0.0pts

     

 

 

 

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

 

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

 

 

                    

Robin Yamaguchi

 

Cell: 808-277-4055  

Ph:  808-730-7801

Fax: 866-671-6539/808-483-2101

ROBIN.YAMAGUCHI@PROSPECTMTG.COM

Paul Tamashiro

Japanese Speaking

Cell: 808-216-1395

Fax: 866-671-6554

Paul.Tamashiro@Prospectmtg.com

WWW.PaulTamashiro.Com

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