Oct. 10-11, 2009

Stocks broke a two-week losing streak as the Dow Jones Industrial Average hit a closing high for 2009 at 9,865. Investors were optimistic about third-quarter earnings which will be reported next week.

It was two years ago---on October 9, 2007---that both the Dow and the S&P 500 finished at their all-time closing highs. The Dow finished that day at 14,164.53, while the S&P 500 closed at 1565.15. While those averages are still currently about 30 percent below that level, they're also about 50 percent above their lows reached back in March.

Bonds and Treasuries were off after an auction of 30-year bonds on Thursday was met with lackluster buying. The 10-year Treasury closed Friday at a yield of 3.38%.

The direction of money from bonds into stocks was punctuated when Australia announced it was raising its prime interest rate, signaling growing economic stability overseas. In the near term, multinational U.S.-based corporations that generate revenue from foreign currency may attract investors that want exposure to global economic activity.

30-Year Conventional Fixed
4.875% $100,000-$417,000

FHA-100% VA
5% $100,000-$393,300

100% Guaranteed Rural Housing w/no MI

6% $100,000-$417,000

30-Year Jumbo Fixed

6% $417,001-$1,000,000

30-Year Jumbo 5/1 ARM (15% down, No MI)

5.25% $417,001-$900,000

(Interest-only available-Call me)

Call for free pre-approval and to discover

the best financing for you!

...by Gary Moore

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

"The most important questions in life are, for the most part, really only problems of probability." - Pierre Simon de La Place

Visit my mortgage website:

http://www.BrentwoodHomeLoan.com