Tucson Mortgage Update From Fairway Mortgage

John Saavedra with Fairway Mortgage

Rates continue to stay in the same range and tick up or down lightly every day.  News from Italy spooked the markets and concern that Italy will become the new Greece are increasing.  This will typically move money into the US bond market but, this week a bad 30 year treasury auction stopped the money from flowing and kept interest rates flat. Rates are still great!

The sacrifice and dedication of our troops grant us the opportunity to do what we do every day. Enjoy the every minute and be grateful. Happy Veterans Day. Have a great weekend.

John Saavedra

 5151 E Broadway Blvd suite 1700 Tucson, AZ 85711

Office – 520-749-3900

Cell – 520-331-4060

Fax – 520-760-7335

www.JohnSaavedra.com

Tucson Mortgage Update

John Saavedra Fairway Mortgage

Interest rates ticked up just a bit this week as problems in the Euro zone seemed to ease.  Slovakia agreed to ratify the Euro rescue fund, and Greece came up with a plan to have investors take a principle reduction on their investments to help their problem.  Stocks rallied most of the week to get closer to ending the year flat which helped investors pull money from bonds and put their money in stocks.  When bond prices go down, interest rates go up.

John Saavedra

5151 E Broadway Blvd, Suite 1700 Tucson, AZ 85711

Office- 520-749-3900

Cell-     520-331-4060

Fax-     520-760-7335

www.JohnSaavedra.com