Mike,

The general worry about inflation seems to me to carry greater weight than temporary good news of high unemployment.

I agree with you that rates are in an upward turn. Maybe we will see more reports that indicate economic slow down, but I cannot see gas prices not impacting consumer prices.

Until they come down ...

Can we have reduced spending and inflation?

Richard

Mike,

Maybe I am wrong but wouldn't any mortgage price improvement be good even if it is a short term thing?

Don R.

Don,

For people who locked today, this is great news.  Tomorrow may be good, too.

Richard,

I can't deal with the big picture; it doesn't affect me.  I can deal with what's happening around me.  Today I received a call from a past client, asking "Are you still doing loans?  I need to buy a house."  Yes, I am!

Mike in Tucson

Mike,

I thought that might be the case.  Man am I glad that we have lenders that know what they are doing.

Mike in Tucson- Thank you for returning my call this afternoon. It was good to finally talk with you. Be well, I will try and stop by more often.

Mike - It is good for those who could have locked in today.

Jennifer,

Yes, it is!  Thanks for commenting.

Resident Mark,

It's great to see you again.  Come back soon.

Don,

Active Rain is a great wealth of knowledge and giving people.

Mike in Tucson

Hope everyone locked yesterday as there were several rate changes for the worse today. it is a crazy market that has rates trending upwards.

Lewis,

Down 12 basis points on the 10 year bond yesterday, and up 10 basis points today.  I agree on the trend; thanks for commenting!

Mike in Tucson

Mike - we have been seeing an increase in home sales down here - could this all somehow tie together???????????????????

Barbara Jo,

Yes it could!  Tomorrow's rates ought to be interesting.  I think Monday will set the trend for the week.

Mike in Tucson