Juan Mackrizz

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Coldwell Banker United, Realtors - Bellaire Office
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Mortgage update

September 2nd, 2009

Mortgage Bonds are trading modestly higher this morning, thanks in part to the recent pullback in Stocks.

In the news, the ADP Employment report came in worse than expected. Also this morning, Revised Productivity for the 2nd quarter finished near expectations and showed the largest gain in nearly six years. This emphasizes that businesses are maximizing output from their current staff, and the efficiency gains help to curb inflation--which is good for Bonds.

Bonds have enjoyed a nice move higher and are now testing a price peak from July 31st. I recommend floating for now, but be prepared to lock if the situation changes.


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Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®

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