Daily Script 12-19-2008

The following script is intended to be used when speaking with your clients, prospects, and referral sources. It explains the current market conditions and will help solidify your position as a Trusted Advisor. You can even use it when you leave a voicemail message.

NOTE: In order to preserve the integrity of the membership and the information provided to members, this script may not be posted, published, reproduced or distributed in any other manner, either electronically or in print. Violations of "proper use" may result in the cancellation of membership to The Mortgage Market Guide^SM and a publication fee of up to $50,000 per occurrence.

"Volatility will once again be the key word in the markets today, as a number of Stock options and futures expire. This volatility has already jostled Mortgage Bonds around quite a bit in the early hours of trading.

In other news, the auto industry finally received some relief, as President Bush announced a deal that will provide GM and Chrysler with $13.4 Billion worth of government loans in exchange for restructuring.

Currently, Bond prices are sitting just above an important level of support and may move higher due to market activity. Therefore, I recommend floating for now."