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    Friday, December 5, 2008

    Canadian / Foreign National financing

    Attached is a flyer for Canadian / Foreign National financing. No one else has this program at these loan to values!! So check it out.

    Market Update

    The November jobs report was released today showing some of the worst numbers in decades. Non-farm payrolls dropped 533,000 last month and was only the fourth time in 58 years that our economy lost over 500,000 jobs. The unemployment rate ticked up to 6.7%, the highest since October of 1993.

    The news sent the Stock markets lower while the Bond markets didn't have much of a reaction. We are currently in a bad economy and only news of a better report would have been a surprise.

    Mortgage bonds are down a little today and we have had several reprices…. I am floating clients until Monday to see how the market continues.

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