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Lumber Market Futures show big drop over the last 60 days

By
Mortgage and Lending with Guild Mortgage - NMLS ID #3274 NMLSR ID # 644428

I was looking at my charts this weekend and I felt that the lumber charts and the futures market for Lumber were indicating some significant weakness.  What I also is in a look back to 2005 is we seem to be forming a nice base to bottom from.

 

Posted by

Michael Cantwell

Licensed Mortgage Banker in Florida

My website - www.MichaelCantwellTeam.com

My Mobile # 561-262-5366

Loan Officer - NMLS: 644428
Guild Mortgage NMLS: 3274
Guild Mortgage is an Equal Housing Lender – This is not a commitment to lend.
www.MichaelCantwellTeam.com
           

Comments(1)

Bryan Watkins
LRA Real Estate Group - Mesa, AZ

Hmmm... that does not bode well. Thanks for the info. We need an economic jolt to get us moving. No one is powerful enough anymore- we are all tied in together with the world.

Jun 27, 2010 10:11 AM