Mortgage Market Report for Wednesday January 23, 2008

Mortgage Market Report for Wednesday January 23, 2008

This morning stocks opened significantly lower but have recovered somewhat. Bonds surged as money was again parking with security in bonds. Stocks have lost much of their gains as stocks have improved off their lows.

Bond prices have benefited from this large stock movements in the past 2 days. . The higher movement like this is often followed by a correction. Volatility is likely in this turbulent market.

We will need to proceed very carefully to protect those current lower rates.

If your combined loans are at or less than $417,000 we have to talk. These low conventional rates are better than we have seen in years. Sorry for the pitch but we have to talk. Call or email me your scenario today. Not all of you are previous clients so I need to hear from you.

Thanks again for listening to contactherrick.com. We will have another report for you, your family, your friends and your important business contacts tomorrow.

A quote from Benjamin Franklin

"Well done is better than well said."

Thank you

Roger Herrick

Mortgage Broker

http://www.contactherrick.com/