Prospect Mortgage – Daily Rates – August 21st, 2009

Good morning!

 

MARKET UPDATE:  This morning the bond market started off with small gains but a positive Existing Home Sales report quickly reversed that trend and ignited a sell-off on treasuries. The report showed a month to month increase of 5.24 million annual rate from 4.89 million last month, the largest increase in almost two years; while the market was expecting around 5 million.  The inventories also fell from 8.9 months supply to 8.6 months supply, further suggesting the housing market is recovering. Next week we will have the Consumer Confidence report on Tuesday and New Home Sales on Wednesday, Personal Income and Spending on Friday, as well as three rather large treasury auctions totaling $109 billion starting Tuesday.

 

 

Quotes of the Day,


Anger is a wind which blows out the lamp of the mind.

       Robert G. Ingersoll

 

Sometimes the best helping hand you can get is a good, firm push.

       Joann Thomas

 

Work joyfully and peacefully, knowing that right thoughts and right efforts will inevitably bring about right results.

       James Allen

 

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%

@ 1.875pts

 

5.875%

@ 2.0pts

         

 

 

 

4.625%

@ 1.25pts

 

5.25%

@ 1.0pts

 

6.25%

@ 1.0pts

         

 

 

 

5.0%

@ 0.0pts

 

5.5%

@ 0.0pts

 

6.625%

@ 0.5pts

          

       

 

 

 

         

 

 

 

FHA/VA 30 Year Fixed

   

 

 

         

 

 

5.125%

@ 1.5pts

     

 

 

         

 

 

5.375%

@ 0.5pts

     

 

 

         

 

 

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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