Market Snapshot

Bonds remain between key technical levels currently as Initial Jobless Claims were reported inline with expectations. Initial Jobless Claims are a leading indicator, and this week’s number does not yet suggest that the employment market is starting to improve.

In other news, Existing Home Sales came in slightly below market estimates. The path back to economic recovery will go through housing, and this report will be important to watch in the months ahead.

***Please note I will be out of the office 4/30-5/3, returning 5/4/2009***

“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