Rate Update for July 21, 2008

Mortgages rates have now reached multi-month highs.

Since Tuesday, July 15th the Dow Jones Industrial Average has rallied by over 6% as confidence in the financial sector has begun to return to investors’ psyche.

Watch today’s you tube video for a refresher on how the stock market impacts mortgage rates.

Current Outlook: cautiously floating

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.