Monday, July 27, 2009

Market Comment

The Treasury debt hitting the market this week is taking an early toll on Mortgage Bonds. The auctions are competing for investor dollars and servicing the massive debt is also a concern for the health of the economy.
Oil continues to track the weakness in the US Dollar and has moved back up to near $70 a barrel, which is no help to Bonds either. New Home Sales will be released this morning, and if this report shows a slight improvement as expected, this would be welcome news.With the aforementioned supply coming to the market this week, Bonds will have a stiff headwind to fight.
Leonard Winslow, Dominion Trust Mortgage
434-760-2580 (cell)
leonard.winslow@dominiontrustmortgage.com
www.dominiontrustmortgage.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112
Posted by Rob Alley at 9:33 AM
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1 comments:

CoachingByPeter said...

Learning about real estate also involves knowing what areas are going for and being able to calculate what a property is worth. This comes from years of knowledge and you can add this valuable tool to your arsenal by doing research. You should try to view as many properties as you can and start learning how to judge there worth.

July 27, 2009 at 6:49 PM

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