Housing Starts and Possible Signs of Recovery!

Housing starts rose sharply to 17% in the month of May. Stocks and Bonds are teetering back and forth like a seesaw. When stocks go up, investors usually take money out of bonds and when stocks go down, they temporarily place them in bonds causing them to improve. Improved bond yeilds means better mortgage rates. As we speak, mortgage bonds are up 19 basis points for the day. Lets hope this continues as rates are getting closer to the high 4's compared to the mid to high 5's over the past week or two.

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Just Joined Twitter

http://twitter.com/loanmanjeff

This is my new Twitter blog. If so inclined, please follow. I'm going to be updating it daily (well hopefully if I can find the time between everything else) with current rates and programs available. I will also announce seminars and events that are happening in the industry.