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										News for August 17, 2009
					To recover or not to recover....that seems to be the question of the season. The rally in the stock market stumbled for the first time in weeks and has many questioning if this could be the start of another adjustment or just a one day reaction to the global markets perceived weakness. Tomorrow and Wednesday should shed some light on the matter. If prices continue to slip it may mean the 10-15% correction that many have been anticipating. Treasury prices rose today but that has not as of yet translated into lower yields on mortgage backed securities and lower rates. Throughout the current rally, mortgage rates have remained stable and even with a 10-15% market correction, we are not anticipating a significant drop in rates. There has been has been an increase in activity in inquiries into some of the many fabulously priced commercial real estate listings, but as of yet the number of closed transactions has been lagging. The residential market seems to be recovering at a faster pace though many are down playing seemingly good news pointing out the $8K tax credit and the still historically low interest rates may be only short term fixes to a housing problem that may still take years to fix. We still recommend that the foundation of your investments be in solid and stable fixed and indexed products that do not expose your assets to the risk of losing principal. Protecting your retirement income from the higher taxation that is feared due to the amount of government spending has been on the forefront of the concerns we have been hearing about. Remember there are always solutions and we are always staying on top of what the best options are no matter your situation. We are always delighted to hear from our existing clients and potential new ones. If you have questions about real estate, mortgages or investing please contact us.