Market Comment

The results are in. The Labor Department reported this morning that more jobs were lost last month than expected and the Unemployment Rate climbed higher than expected to 10.2%.

In other news, both the House and Senate have passed the Homebuyers Tax Credit bill and it now awaits President Obama’s signature, which is expected today or tomorrow. The bill extends the tax credit for first-time homebuyers, as well as opens it up to current home owners. Contact me for more information if you have questions or would like to see if you can benefit from the tax credit.

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.