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,


Patrick
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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 ...

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QUICK LINKS

NJ Mortgages

Suburban Chamber of Commerce

Mortgage Industry News

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

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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