Hello again,

I received this update from Cyd West, Sr. VP with 1st Community Mortgage yesterday and I wanted to share this Market Update Report with all of you!!

"The bond market is taking a real hit today and is down almost 109 bps. This has resulted in several price changes through the day and ultimately higher rates. We are currently quoting VA/FHA at 6.125% with no points or origination and conventional at 6.375% with no points or origination. Tex Vet is still holding at 5.54% with 1 point, but if the week continues as it has started look for a higher rate on Friday when the land board reprices for next week. I’m afraid we are in for a wild ride this week!"

Just keeping you informed,
Jean

Be sure to check out our new listings on Loblolly from Salado Premier Homes.