Mortgage Market Comment

Mortgage Bonds have opened the week near an important technical level while Stocks have been improving.
There are no Treasury auctions this week but there are several important potential market movers, including the Fed Meeting and Monetary Policy Statement on Wednesday, the Jobs Report with unemployment rate figures on Friday, and an expected final vote on the extension and expansion of the first-time homebuyer tax credit.
I recommend floating for now, but I will let you know if the news of the day or technical factors require a change of course.

Leonard Winslow, DominionTrust Mortgage
434-760-2580 (cell)
leonard.winslow@dominiontrustmortgage.com
www.dominiontrustmortgage.com/leonard.winslow
Licensed by the Virginia State Corporation Commission. License #: MC-5112.