Mortgage Market Report for Monday January 28, 2008

Fasten your seatbelts this week. The reports this week are Wednesday's Fed rate announcement, Thursday's Core Personal Consumption Expenditure PCE and Friday's Jobs Report. Every one of these reports can really move the market. Every trading day last week had a large movement as the market has been volatile.

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The uncertainty in the market stills leads the parade. The Fed Futures are pricing in the Fed Cut. The predictions range from no cut at all to a 75bp cut.

For today we recommend to cautiously float as this week' s blockbuster news is unveiled.

For now we will float and watch carefully as things develop.

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

A quote from Saint Augustine

"Patience is the companion of wisdom."

Roger Herrick

California Mortgage Broker

www.ContactHerrick

Posted Monday Jan 28