The Jimmy Rex Team

Congress is looking into legislation in the housing and mortgage markets this week. All eyes will be on testimony from the Federal Reserve. Both chairman Bernake and member Richard Fisher will be speaking and investors will be closely following the minutes of their meetings. The stock and bond markets will adjust according to their conclusions. The good news is that the market has remained rather stable. Last week’s jobs report wasn’t great, but it also wasn’t the end of the world. Rates should climb up a bit in the next couple days and level out throughout the week as has been typical.