Good Morning,
I hope that your Friday is off to a great start already. There are only 73 Days left until the expiration of the $8,000 First Time Home Buyer's Tax Credit. Have you been in touch with a trusted Real Estate Agent yet to help you capture this fabulous opportunity? I sure hope you are able to take advantage of this tremendous opportunity.
In the Markets Today, Mortgage Bonds are starting the day to the downside, giving back some of the great gains they achieved yesterday.
Putting pressure on Mortgage Bonds is the Stock market, which is having a strong morning.
However, Stocks could be volatile today for a number of reasons, including expiring Stock index futures and light trading due to Rosh Hashanah. Lighter trading can make the market susceptible to exaggerated moves--and volatility in Stocks may cause volatility in Bonds.
With prices currently unable to stay above the 200-day Moving Average, I recommend locking. I will continue to monitor the market and keep you posted on any major developments. In the meantime, here's to a great rest of your day. If there is ever anything that I can do for you, please let me know.
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