Daily Market Comment

Mortgage Bonds are starting the day a bit lower, continuing their pullback from yesterday's intraday high.
In the news, October's Producer Price Index--which measures wholesale inflation--came in lower than expected, indicating there is no fear of inflation currently. In other economic news, Capacity Utilization and Industrial Production were reported in line with expectations.
For now, I recommend floating. But be prepared to lock if the downward momentum picks up steam. I will monitor the situation and keep you posted.

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.