Market Comment
After hitting a ceiling of resistance yesterday and being turned lower, Bond prices attempted to rally this morning only to be pushed back again.
Helping Bonds improve in early trading was the Consumer Price Index for March, which met expectations. While the report indicates that inflation isn't a problem yet, there are reasons to question whether inflation is really as low as it's being reported. Also in the news, Retail Sales in March were up significantly from February.
With Bond prices currently in negative territory, I recommend locking at this time.
Leonard Winslow, New American Mortgage, Charlottesville
434-760-2580 (cell)
leonard.winslow@newamerican.com
www.newamerican.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112
Helping Bonds improve in early trading was the Consumer Price Index for March, which met expectations. While the report indicates that inflation isn't a problem yet, there are reasons to question whether inflation is really as low as it's being reported. Also in the news, Retail Sales in March were up significantly from February.
With Bond prices currently in negative territory, I recommend locking at this time.
Leonard Winslow, New American Mortgage, Charlottesville
434-760-2580 (cell)
leonard.winslow@newamerican.com
www.newamerican.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112
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