MARKET COMMENTARY

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Mortgage and Lending with Amerifirst Financial, Inc.

German and French leaders announced their continued commitment to keep Greece in the 17-nation Euro region.  The implied future effort to contain the area's sovereign debt crisis helped the Dow record a gain, and help mortgage backed securities close to even.  The CPI, which measures the MoM change in prices of all goods and services purchased for consumption, came in at 0.4%, beating estimates of 0.2%.  Jobless claims hit 428,000 for the month, 28,000 more than last month. 

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Sincerely,

Ryan P. McDonough - Licensed Loan Officer

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