Rate Update May 16, 2008

Mortgage rates have improved modestly from yesterday’s levels thanks to the technical support. Bond prices have now regained the levels they reached a week ago today. We are shifting our outlook to a neutral focus after being in a floating stance the past few days.

Current Outlook: neutral

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.