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We welcome to the program Bruce Bowen.  Lee County, Florida is the topic of the program.  Discover the opportunity with duplexes at $81,000 with extroidinary cash flow.  Replacement cost of over $200,000.  Find out the story of how to get started.  Attend our Wednesday webinar...sign up now!


Monday February 8, 2010

Mortgage Bonds are starting the week near unchanged. There are no economic reports set for release today and the week's calendar is light overall - but yet another round of Treasury auctions could add some selling pressure to the market as the week moves on.

On Wednesday, Fed Chairman Ben Bernanke is scheduled to testify before the House Financial Services Committee to discuss the Fed's plan to withdraw emergency stimulus from the economy - including the $1.25T Mortgage backed Security purchase program.

For today, I will recommend Floating because there is no immediate reason to lock. Be mindful that prices can change quickly and that Mortgage Bonds have several factors that could work against them as the week progresses. MMG

Closing Bell FNMA 4.5% 101.34 -4 bps today: See you tomorrow.

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