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    Friday, May 16, 2008

    Rates closed flat

    Market Update:
    Rates closed flat for the week which is fortunate because we had a bad stretch mid week with rates rising temporarily.
    Agency Loans are priced great, but make sure to have your borrowers call me to make sure they qualify for the restrictions attached to these mortgages.

    Agency jumbo loans, are loan amount between $417K - $500K. There are only two competitive programs offered.
    30 year Fixed – 6.000%
    5 Year Fixed Arm – 5.375%

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