October 22nd Market Update - 10/22/08 11:05 AM
Good Morning,
Well, as they say: What goes up, must come down. The increasing global recession fears coupled with the poor earnings reports from the likes of Wachovia and Boeing have pressured stocks lower over the past couple days and been a positive boost to mortgage bonds, lowering interest rates. As we saw back in early September, we have had some very unpredictable and small windows of opportunity with interest rates below 6%.
If you are thinking it’s time to pay attention to something other than the immediate market ups and downs, I hear there is a World Series that is … (0 comments)

October 8th Market Update - 10/08/08 11:09 AM
Good Morning,
We have seen quite a bit of volatility over the past week. The passing of the bailout bill seemed a bit too late for Wall Street on Monday as the stock market dropped significantly again. This drop ended up benefitting mortgage backed securities and lowering fixed interest rates. As of this morning they are still remaining low but news of the latest Rate Cut of .5% made by the Federal Bank today to correspond with rate cuts by central banks worldwide to help stem damage of this economic crisis has left the market exceptionally volatile once again. These rates … (0 comments)

October 1st Market Update - 10/01/08 12:16 PM
Good Afternoon, As you may have been aware of, there appears to be an economic crisis going on. There also happens to be a government proposal for a bailout that is being voted on. On Monday, when it was made apparent that the initial bailout proposal was voted out, we saw a massive drop in the stock market (777 points to be exact, and what I believe is the largest single day loss in history). In the more recent past, when the stock market drops that drastically, investors tend to buy mortgage backed securities and government bonds. When this occurs to … (0 comments)