Rate Update December 15, 2008

Interest rates remain steady to Friday’s rates.

 Mortgage bonds are trading slightly higher today so we will continue to keep our floating stance on rate locks.  The coming week’s events (auto bailout, Fed Rate cut, and mark to Market decision by the SEC) may cause some swings in the market that we will be closely watching.

 Current Outlook: very cautiously floating with finger on the lock button

The views and opinions expressed in this site are those of the author(s) and do not necessarily reflect the official policy or position of Cherry Creek Mortgage Co., Inc. This is for informational purposes only. This is not a commitment to lend.