Record Highs

The bonds markets opened to the upside this morning but prices are only modestly higher and could be capped by $66B in notes and bonds set to be auctioned this week.
Lower Stock prices continue to cause investors to play the safe haven trade of the Bond markets, especially after Friday's weak jobs report. There are no economic reports due for release today.With Mortgage Bond prices at record high levels, I will play it cautious, recommending to lock in the short-term. Longer-term floating is prudent. Have a great week!

Leonard Winslow
Direct: 434-760-2580

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943 Glenwood Station Lane, Suite 200

Charlottesville, Va. 22901
mailto:leonard.winslow@newamerican.com
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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.