Mortgage Market Report for Wednesday February 6th, 2008

Mortgage Market Report for Wednesday February 6th, 2008

The same volatility continues in the bond market. Yesterdays selloff in stocks boosted the bond market as again investors are looking for security in bonds. However, today stocks are trading higher and putting pressure on bonds.

Several members of the Federal Reserve are speaking today and the market may react on those comments.

Bond prices are below the resistance at the top of the trading range. This confirms the volatile market that we are faced with on a daily basis. We recommend floating for today but be prepared to take advantage of the favorable rates should we see any sudden changes.

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

A quote for Confucius

"Forget injuries, never forget kindnesses."

Roger Herrick

California Mortgage Broker

www.ContactHerrick.com