Seaside Mortgage: Florida & Alabama Mortgage Rates and Home Loans

Seaside Mortgage - Scott Sutton

Market Update

August 23rd, 2007 1:13 PM

Thursday: 08/23/07: Treasuries began their trading session in the red but have recently moved up to unchanged levels as stocks failed to get a sizeable boost from positive news regarding the liquidity situation. The indices are currently narrowly mixed with the Nasdaq and S&P 500 dipping into negative territory. Stocks initially got a lift on word that Bank of America bought a $2 billion equity stake in Countrywide Financial, helping alleviate fears that the mortgage lending giant would not go bankrupt. An additional supporting factor for stocks is more Fed action this morning. The central bank made three short-term injections of cash into the banking system totaling $17.25 billion. This is another sign that the central bank is aggressively addressing the liquidity issue.

Posted by Scott Sutton on August 23rd, 2007 1:13 PMPost a Comment (0)

Friday Update

August 17th, 2007 11:24 AM

There is still a great deal of good loan product available for all types of borrowers.

FHA loans are a great alternative for buyers with challenged credit. Loans are available up to 100% of the purchase price with a gift or grant from an approved agency.

Up to 95% cash out is avialble on manufactured homes!

Call today for a free consultation.

Posted by Scott Sutton on August 17th, 2007 11:24 AMPost a Comment (0)