MCB Mortgage, Inc- Mortgage Orgination, Secondary Marketing, and Broker Programs

MCB Mortgage- Mortgage Origination, Secondary Marketing, & Broker Programs

MCB Mortgage, Inc. specializes in Secondary Marketing & Managed Broker Programs for Banks and Credit Unions.

Market Notes

Friday, June 03, 2005

Friday AM Bomb

Our market opened strong but now is off -.15. Bonds are now -10/32 from a high of +30/32. LOCK NOW BEFORE THE RATE CHANGES. Nonfarm Payrolls were weak at +78K which helped us earlier but the trend is down now. Oil is above $54 and Stocks are down also. Unemployment was down to 5.1 but it appears we have a weal economy. That should help keep rates down but they are too low now. Enjoy the weekend

posted by Rateinformer.com at 10:31 AM

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