Mortgage Bond Comment
Mortgage Bonds are currently higher; however, they're off their best levels after prices tested resistance but were unable to remain above the ceiling.
In the news, Initial Jobless Claims were reported better than expected, but still at a high level. Continuing Claims, which represent the number of people still receiving benefits, dropped a bit. But this may be due to benefits expiring rather than people finding new jobs.
For now, I recommend floating, as I watch to see if this afternoon's Treasury auction of $12 Billion worth of 30-year Bonds goes as well as the rest of the auctions have this week. I will let you know if a change of course is needed.
Leonard Winslow, 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.
In the news, Initial Jobless Claims were reported better than expected, but still at a high level. Continuing Claims, which represent the number of people still receiving benefits, dropped a bit. But this may be due to benefits expiring rather than people finding new jobs.
For now, I recommend floating, as I watch to see if this afternoon's Treasury auction of $12 Billion worth of 30-year Bonds goes as well as the rest of the auctions have this week. I will let you know if a change of course is needed.
Leonard Winslow, 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.
In order to close a deal, there are some plan that should be written down. Part of the strategy should include hiring a skilled realtor, creating a strategic plan, fair pricing and great presentation of the house.
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