Farming in Central Virginia
On Saturday from 9 AM to 5 PM Monticello and the Southern Exposure Seed Exchange host the Heritage Harvest Festival at Thomas Jefferson’s Monticello. It’s a family friendly festival well worth checking out.
Central Virginia Polo
One of my clients plays polo at King Family Vineyards on Sunday afternoons. Karen and I plan to head out for the matches that start at 1:30 PM this Sunday. What a great way to spend the afternoon! Come out and join us.
Whatever you do, have a great weekend!
Weak economic data from Asia along with Spain hesitant to receive a bailout are boosting the Bond markets this morning. In addition, a weak forecast from consumer bellwether FedEx is also fueling this morning’s rally and has pushed Stocks lower in early trading.
Mortgage Backed Securities (MBS) continue to trade near record highs but are off the levels achieved after the Fed announced QE3 last Thursday. MBS are being supported by the daily purchases in the open markets after the announcement of the new stimulus plan.
Unless there is a big move higher in the price of Mortgage Bonds, home loan rates will most likely hover near current levels. For this, I feel that locking in the short-term is prudent.
Leonard Winslow
Direct: 434-760-2580
E-fax: 434-688-0496
943 Glenwood Station Lane, Suite 200
Charlottesville, Va. 22901
leonard.winslow@newamerican.com
web: http://www.newamerican.com/leonard.winslow
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