Mortgage Update
Mortgage Bonds are trading near unchanged as Stocks try to right themselves after back to back weeks of losses. There are no economic reports due for release today.
You may recall the old adage "sell in May and go away" for Stocks and this year it held true again as the S&P 500 topped out at 1,419 on April 2 and seemed to decline almost every day this month.
Leonard Winslow
Direct: 434-760-2580
E-fax: 434-688-0496
943 Glenwood Station Lane, Suite 200
Charlottesville, Va. 22901
mailto:leonard.winslow@newamerican.com
web: www.newamerican.com/leonard.winslow
mailto:leonard.winslow@newamerican.com
web: www.newamerican.com/leonard.winslow
http://www.facebook.com/CharlottesvillesLoanExpert
License #MLO-4817VA-NMLS #265272
New American Mortgage is an Equal Housing Lender. New American Mortgage is licensed by the Virginia State Corporation Commission License #: MC-5112 and the State of North Carolina Commissioner of Banks L-142670. Interest rates and products are subject to change without notice and may or may not be available at the time of loan commitment or lock-in.
License #MLO-4817VA-NMLS #265272
New American Mortgage is an Equal Housing Lender. New American Mortgage is licensed by the Virginia State Corporation Commission License #: MC-5112 and the State of North Carolina Commissioner of Banks L-142670. Interest rates and products are subject to change without notice and may or may not be available at the time of loan commitment or lock-in.
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