QE 3 will it happen or will she sink
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| RMS Queen Elizabeth |
Mortgage Bonds are trading lower as Stocks opened sharply higher this morning. In addition, Atlanta Fed Bank President Lockhart said this morning that QE3 could be coming soon given the weak economic data in the past month or so, which is boosting Stock prices.
I will continue to recommend a locking bias in the short-term, especially after seeing the price declines for Mortgage Bonds in the past few days. In the longer-term, I am carefully floating. If anything changes, I will get back to you.
Leonard Winslow
Direct: 434-760-2580
E-fax: 434-688-0496
943 Glenwood Station Lane, Suite 200
web: www.newamerican.com/leonard.winslow
License #MLO-4817VA-NMLS #265272
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