Tuesday, November 27, 2007

What's happening in the market?

What's Happening in the Market? by Patrick Cicala, Countrywide Home Loans

Investors are returning from their Holiday to find a very active week of economic data awaiting them. We're close to year-end for a number of big mortgage investors who may choose to take profits and lock-in bonuses, which could limit the prospect of notably lower mortgage interest rates as the last couple of trading weeks for 2007wind down.

And that's what's Happening in the Market,


Current Rates (No Points)

Conforming 30 Yr Fixed @ 6%

Conforming 5/1 ARM @ 5.625%

Jumbo 30 Yr Fixed @ 6.75% (>600k)

Jumbo 5/1 ARM @ 5.625% (>600k)

For qualified Full Doc Purchase Applicants only, based on 30 day pricing...can close in 1 day to save your deal!

Where is Patrick?

He will be out recruiting Loan Officers in a neighborhood by you ...


NJ Mortgages

Suburban Chamber of Commerce

Mortgage Industry News

Never hesitate to call me on the weekends to Preapprove your Customers, or assist with your Public Open Houses!

Ask Patrick!

Last Week's Question:
Is 100% Financing still available?

Answer: Yes, upto $417,000 with full documentation.

(Simply reply to this email with a question, and I will post the answer next week)

Direct @ (908) 252-3956, or email @ Patrick_Cicala@Countrywide.com

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