Market Comment
Bonds are higher again this morning, as Stocks started the day with another round of selling. The sharp sell-off in the Stock market has helped Bond prices of late, as some of the money from stock sales is finding its way into the Bond market, including Mortgage Bonds.
In other news, the Senate passed the controversial financial regulation bill last night with sweeping changes for the financial world. The bill must still be reconciled with the one passed by the House before being sent to the President to sign into law.
Leonard Winslow, New American Mortgage, Charlottesville
NMLS # 265272
434-760-2580 (cell)
leonard.winslow@newamerican.com
www.newamerican.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112
In other news, the Senate passed the controversial financial regulation bill last night with sweeping changes for the financial world. The bill must still be reconciled with the one passed by the House before being sent to the President to sign into law.
Leonard Winslow, New American Mortgage, Charlottesville
NMLS # 265272
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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