Moore Mortgage Solutions

    Today is the opening day of baseball, the great American pastime. And so far, the markets have started out with a slow pitch. No big outs and no home-runs to cause the market to have one of those volatile days.

    Treasury Secretary Hank Paulson talked this morning about the Federal Reserve having more responsibility over the financial markets. At present, it is talk as it will take Congress time to work out all the details though there are members of Congress who have already started this process.

    Also San Francisco Janet Yellen talked at noon, EST, about her read on the housing market. Her talk, though I haven’t been able to get a take on what she said, has not moved the markets.

    Overall, the market today seems to be moving along with no big ups or downs. Though tomorrow, the Institute for Supply Management will release their report. This is a survey of trade manufacturers’ sentiment. The expectation is that it will be lower than last month’s which will be good for the bond market.

    And then on Friday, the Labor Department will release March’s employment rate. The expectation is that the number of lost jobs will increase and depending on what that number is, it can affect the overall markets.

    In the meantime, I am available to help you decipher the market conditions and help you make informed decisions.

    Until next time, make every day an inspired one!

Betsy Moore

betsy@mooremortgagesolutions.com

206-331-2749