Aloha Friday,

I hope you had a super Thanksgiving last week. We sure came back with some upbeat activity after the holiday week. The buyers are still buzzing around for a holiday season. I think they are realizing the value of buying at this opportune time.

The rates are up a touch this week as U.S. government bond prices fell Thursday, sending yields to one-week highs, as signs of improvement in the dismal job market encouraged profit taking from recent rallies. Claims for jobless benefits showed an unexpected fall last week, suggesting the economy's weakest link might be strengthening as the recovery from the worst recession in decades continues. Ben Bernake did everything but pound the desk today stressing the FED will keep rates low until this job market starts to improve.

Underwriting times right now on conventional loans is at 6 days and government loans at about 4 days. Condition turn time is 48 hours. So, the market is moving along nicely. If you have any questions on loan programs or borrowers we can get credit approved for you before you put them in your car, feel free to call me at any time.
 

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