Google and the Mortgage Backed Securities

Wow, Google is heating up the market jumping $80/share on reports that earnings are up 31% in the first quarter.  Citigroup is up after reporting a loss that could have been worse.  There are several more that up and stock futures soar this morning and that puts pressure on mortgage backed securities. 

Right now, we are still down a ton, but not as bad as earlier this morning.  We are battling back to even, but we will have a ways to go.  We have been seeing increased call volume into the office.  Our message must be getting out that it is not that bad after all and this is just like a stock.  You want to buy it when it is low and not high.  Clients are starting to see a real bargains out there, and they leave this office knowing that sellers are selling and not giving away.

I am Dave Woodson, your Northwest Indiana Mortgage Consultant for Life

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