Market Comment

Mortgage Bonds at lowest level of the day, -22bp. Pricing is down 12-16bp from important Lender Pricing Windows. Stocks trading at highs of the session. The Dow is up 169 points. A bit of nervousness ahead of today's Auction. Advice is to take cautious approach and Lock ahead of a Re-Price for the worse.

Leonard Winslow, New American Mortgage, Charlottesville
NMLS # 265272
434-760-2580 (cell)
leonard.winslow@newamerican.com
www.newamerican.com/leonard.winslowLicensed by the Virginia State Corporation Commission. License #: MC-5112, V2563958, MLO-4817VA