Market Snapshot

President Obama signed the $787 Billion Stimulus Plan yesterday and will unveil more details today regarding his strategy to help more homeowners avoid foreclosure.

In other news, housing numbers showed continued weakness, as new home construction fell in January well below expectations. The silver lining, however, is that less supply will eventually lead to improvement in the housing sector down the road.

Currently, Mortgage Bonds continue to battle tough overhead resistance, which is keeping a lid on price improvements.

 

“Your Partner In Success!”

Tony Frerking
Sr. Mortgage Consultant
PMZ Home Loans
1600 N. Carpenter Rd. Ste. C
Modesto, CA 95351
Direct: (209) 404-2200
Fax: (209) 254-7142

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