Mortgage Market Report for Monday April 7^th,  2008
 
Merrill Lynch says the worst of the credit crisis is over and Washington Mutual set to get $5 billion injection. Goldman Sachs bullish on mining stocks. . Bonds fall on the news while the optimistic attitude is spreading throughout Wall Street.  However, the stock market rally fizzled.   Bond players nervous as gold, crude and assorted commodities move higher citing inflation fears.

We recommend floating as again we are devloping a floor of support.   Be prepared to lock if this floor of support is tested. 

Due to technical difficulties we were unable to post your report on Friday. 

Also, after further study of traffic patterns and client input I believe a weekly wrap up report will be posted and distributed.  While this market changes I will have reports as needed.  I appreciate your support as this mortgage market develops.

Thank you for listening to http://www.contactherrick.com/  Please check back weekly for another report for you, your family, your friends and your important business contacts.

A quote from Herbert Spencer

"Science is organized knowledge."

Roger Herrick

http://www.contactherrick.com/

California Mortgage Broker