Market Update (12/7/2009)

Mortgage interest rates have held steady through the weekend.

Once again this week, the Treasury Department will be auctioning off a very large amount of notes and bonds that could affect the value of mortgage bonds. As always, the real effect on mortgage bonds and mortgage interest rates will not be known until we see how much of an appetite there still is for bonds. We will be watching.

I am sure that all of you know that December 7^th, 1941 is “a date which will live in infamy.” However, have you heard the actual speech given by President Roosevelt where he uttered those famous words? If not, click on this YouTube link to listen to this very famous speech.