grauteam | mortgage update 1.02.2008

Rates are going to start out excellent in 2008. This morning the Supply Management Index Report for December was 47.7; the lowest in 2007. This means there was significant contraction in the manufacturing sector. Stocks have been hurt by concern with Pakistan after the assassination on Benazir Bhutto. With all this bad economic news and uncertainty, Friday’s Jobs report could be the catalyst for continued improvement.

No Points <$417,000

30 Fixed 5.750% 5.850% apr

15 Fixed 5.250% 5.350% apr