Market Comment
Mortgage Bonds are starting the day near unchanged levels after Initial Jobless Claims came in slightly better than expected. Continuing Claims also fell--but, as I've said before, that's likely due to benefits expiring rather than people finding jobs.
In other news, foreclosure filings slowed for a third straight month, signaling that a recovery could be in the making.
Through all the economic news of late, rates still represent an amazing near all-time low opportunity. I recommend floating for now. But be prepared to lock, if today's Treasury auction shakes things up later this afternoon.
Leonard Winslow, Dominion Trust Mortgage
434-760-2580 (Direct)
leonard.winslow@dominiontrustmortgage.com
www.dominiontrustmortgage.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112.
In other news, foreclosure filings slowed for a third straight month, signaling that a recovery could be in the making.
Through all the economic news of late, rates still represent an amazing near all-time low opportunity. I recommend floating for now. But be prepared to lock, if today's Treasury auction shakes things up later this afternoon.
Leonard Winslow, Dominion Trust Mortgage
434-760-2580 (Direct)
leonard.winslow@dominiontrustmortgage.com
www.dominiontrustmortgage.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112.
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