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Friday, September 16, 2005

Friday AM

Good Morning, Bonds are now at -18/32 & our market is off again .15. Mich. Survey came in at 76.9 which was very low. Oil has dropped to ONLY $64 so that was a little positive note. The FEDS meet on Tuesday and lets face the facts, they cannot keep raising rates without ours going up. We are going to 6 % shortly but that will not stop the housing market yet . When they reach into the 6.5 range we will start to see a big slowdown because that also indicates a economic problem. Enjoy your weekend and lock early because we could have a rate change for the worse later in the day.

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