Monday, June 13, 2011

BEN BERNANKE SPOKE, AND THE MARKETS LISTENED

Last week Fed Chairman Ben Bernanke's words were somewhat depressing. He said "the economy is still producing at levels well below it potential." Just a reminder that weak or negative economic news and comments normally hurt Stocks and help bonds. (Bonds and mortgage backed securities are a safe haven for investments and the more money going in the lower home loan rates go). Last week this is what we witnessed.




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My name is Valerie Springer nmls 198479, Home Mortgage Expert and writer for Ask Val in Birmingham, Alabama. You may contact me by email at valerie.springer@benchmark.us or call 205-314-4775..