Market Review

 ►A LOOK BACK – Last week investors were not surprised by the weak Dec. Housing Starts report or the high level of people filing for first-time jobless benefits. Mortgage investors continue to be concerned about the impact of the US borrowing spree. Next year’s budget forecast is for a deficit over the trillion-dollar mark for the first time ever.

►WHAT’S AHEAD – This week the economic report calendar is full – Dec. Existing and New Home Sales reports, Jan. Consumer Confidence, and the first estimate of Q4 GDP. Also the FOMC meets on Tues and Wed. – no change in monetary policy is expected but it is expected that the post-meeting statement will include language that increases the possibility that the Federal Reserve will intervene directly into the capital markets to buy Treasury obligations. There are 3 Treasury auctions scheduled for a total of $78 billion and investors are hoping for strong and broad activity in these auctions.

► THERE ARE FUNDS AVAILABLE FOR QUALIFIED HOME BUYERS!!!

► Have a fantastic week!!!

Greg Burkett

Preferred Home Loan, Ltd.

281/657-0472 x 301 (Office)

713/906-2883 (Cell)

gregb@preferredhl.com

Filed under: Economy/Market