The good news is; Bond prices improved again today, on a jobs report that was lower than expected. This means conforming fixed rate home loans improved.
The bad news, the market for Jumbo and Non-conforming loans continue to deteriorate, as liquidity problems continue and more Lenders leave this arena. Many of the largest originators have cut back or left this market completely.
Friday, August 3, 2007
Subscribe to:
Posts (Atom)