News You Can Use from Gary Moore

Major U.S. stock indices posted their largest weekly percentage gains since March 2009 as U.S. economic data showed unemployment dropped to a two and a half-year low.  U.S. companies stepped up hiring, and the jobless rate moved to 8.6% from 9%. 

The Dow rose 7%, the S&P 500 climbed 7.4% and the Nasdaq was up 7.6% for the week.  The S&P has been knocking on the door of its 200-day moving average, and its 50-day trend line is heading up.

The Dow Jones industrial average closed the week at 12,019.42; the S&P 500 settled at 1,244.28, and the Nasdaq Composite ended at 2,626.93.

The 10-year Treasury, which correlates most closely with mortgage rates, closed at a yield of 2.05%.  Mortgage interest rates were flat to higher for the week. 

The U.S. trade deficit narrowed in October for the fourth month in a row, to $43.5 billion from a revised $44.2 billion the month before, despite record imports from China.

Call me to get pre-approved for a purchase or to run a refinance analysis to weigh your options. Amid a lot of negative economic news, now is the time for you to act in your best interests by taking advantage of mortgage rates at historical lows.  Now is a good time to buy investment property, and we have low-interest loans for that.  Call me with any questions.  Nothing ventured, nothing gained.  Gary Moore  615-579-8658

30-Year Conventional Fixed

4.0%            $100,000-$417,000


5/1 ARM

2.875%     $100,000-$417,000

15-Year Conventional Fixed

3.5%        $100,000-$417,000


30-Year FHA-100% VA

4.0%           $100,000-$393,300


30-Year Jumbo Fixed

4.875%        $417,001-$1,500,000

(Interest-only available-Call me)

Rural Development 100%

 4.0%   $100,000-$417,000

THDA Great Start 100% with Gift

4.55%          $100,000-$393,300

4% of loan amount Gift

Call for free pre-approval and to discover

 the best financing for you!

...by Gary Moore

Mortgage Planner, First Community Mortgage

...a subsidiary of First Community Bank

Cell:  615-579-8658      Toll-free fax:  866-321-6513

Quote of the Day

"Now and then it's good to pause in our pursuit of happiness and just be happy." --Guillaume Apollinaire  
Read more at: http://www.brainyquote.com/quotes_of_the_day.html

Visit my mortgage website:
http://www.BrentwoodHomeLoan.com

National Mortgage Licensing System #186007