Market Comment

Once again, Bonds are battling near the 200-Day Moving Average this morning. Currently, prices are modestly higher, but are off their best levels.
In the news, Housing Starts fell in December, due in part to bad weather throughout the country. However, a look down the road appears more positive, as Building Permits rose significantly in December to the best level since October 2008.For now, I recommend floating, as I monitor how Bonds react near the 200-Day Moving Average. 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