What will Bernanke have to say today???

The bond market put up a mild rally yesterday after Fed Governor Kohn said his piece. The 10 year bond opened at 3.83% versus 3.92 on Monday morning. The big news today in that Bernanke will testify about monetary policy. This Fed seems more able and more comfortable to speak its mind. The latest telling stat about the looming recession is that 45% of Economists believe that a recession is imminent. The other 55% think that we will skirt a recession or avoid it entirely. Chances are that The Fed will continue it's easily policy in the coming months in an effort to turn the tide that is and remains a credit crunch on large sections of the consumer world. Job numbers are out later in the week and will be scrutinized closely to see which direction the employment market is really heading!!

If any ActiveRain member wants a copy of The Ultimate First Time Buying Guide, or The Ultimate First Time Closing and Settlement Table Guide just let me know. I can get a copy of it out in the mail to you. Both books are over 70 pages and contain some of the most important first time buying and closing information available.