Market Comment

After rallying higher yesterday, Stocks are taking a breather this morning, which is benefitting Bonds and helping Mortgage Bonds break free from the downward trend they’ve been trading within since late November.
In other the news, the Pending Home Sales report showed a decline of 16.0% for November.
For now, I recommend floating to see Bonds will continue to add to their gains. I will let you know if a change of course is needed.

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