Daily comment
Mortgage Bonds are sharply lower so far this morning, after they were unable to break above an important technical level last Friday.
Meanwhile, Stocks continue higher after former Fed Chairman Alan Greenspan stated that the recession is nearing an end. This, combined with the slightly better-than-expected ISM Index, is putting selling pressure on Bonds.This is a big week of market-moving news, including Friday's important Jobs Report. Be ready to lock if prices are unable to stabilize.
Leonard Winslow, Brtanch manager, Dominion Trust Mortgage
434-760-2580 (cell)
leonard.winslow@dominiontrustmortgage.com
www.dominiontrustmortgage.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112.
Meanwhile, Stocks continue higher after former Fed Chairman Alan Greenspan stated that the recession is nearing an end. This, combined with the slightly better-than-expected ISM Index, is putting selling pressure on Bonds.This is a big week of market-moving news, including Friday's important Jobs Report. Be ready to lock if prices are unable to stabilize.
Leonard Winslow, Brtanch manager, Dominion Trust Mortgage
434-760-2580 (cell)
leonard.winslow@dominiontrustmortgage.com
www.dominiontrustmortgage.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112.
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