Feb
Market Snapshot
President Obama announced two initiatives to help homeowners avoid foreclosure. One is a refinancing program for homeowners with less than 20% equity in their homes, or who owe more than their home is worth. The second program attempts to lower monthly payments for homeowners at risk of losing their homes. I’ll be monitoring this information closely as the details continue to evolve.
In other news, Initial Jobless Claims showed that 5 Million Americans are now unemployed and cannot find work.
Currently, Bonds continue to battle tough overhead resistance, which has limited any meaningful price advance over the last few days.
“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