Get prepared for Friday excitement

Mortgage Bonds are starting the day slightly higher. This week will be very exciting for the financial markets.

Economic reports will be on the heavy side but the big event this week will be that Fed Chairman Ben Bernanke will be in Jackson Hole, Wyoming delivering a speech on the Economic Outlook and Monetary Policy at the Fed's Annual Symposium.

The last two years Stocks rallied big after the Chairman's speech and we will have to see if history repeats itself this time around. A rally in Stocks could weigh on the Bond markets.

I will continue to advise locking short-term transactions. But longer-term, I would like to float into Friday's event and see what Mr. Bernanke delivers this year.

Leonard Winslow
Direct: 434-760-2580
E-fax: 434-688-0496
943 Glenwood Station Lane, Suite 200
Charlottesville, Va. 22901
leonard.winslow@newamerican.com
web: http://www.newamerican.com/leonard.winslow
http://www.facebook.com/CharlottesvillesLoanExpert
License #MLO-4817VA-NMLS #265272