Todays Update

Mortgage back securities are coming of the starting block positive today. The stock market is lower. Some poor earnings on the Street to with Best Buy and Macys. Just a couple of days ago we had that Circuit City was closing 150 stores. Retail Sales for the holiday season is not shaping up to be good.

No other economic reports are coming out today. The treasury department is set to auction 20 Billion with B in 10 years notes.

Also in the news was GM who is back to their lowest stock price pre World War II. Can you say government bail out?

Always we have plenty of money to lend for qualified buyers. Popular loan programs are Fannie and & Freddie (conventional loan). FHA, USDA and VA. We work with over 50 different lenders that if out goes out of business which who know what the future will bring that we work with so many that we have so many options

Update - bond market closed today

Ok. It is Tuesday night, Veterans Day and the Bond Market was closed today due to the Federal Holiday. A lot of news out there in the market related to mortgage. All the news seems bad but I can tell you that their are a lot of good things happening out there. I am busy helping clients purchase their first home and I am doing annual mortgage reviews for new and existing clients.

the Bond Market will open tomorrow and we will see how rates do, the end of the week has the much anticipated Jobs Report and that will sure be a market mover.

Thanks

Brian