Sorry I wasn't around to post yesterday.  Summer's seem to get busier every year of my life. These things happen.  Doesn't really feel like all that long ago that my summers were spent hanging out with friends, going swimming or playing ball.  Enough of my trip down memory lane.  Here's the chart.

Yesterday's upward movement pushed us straight into an uptrend on yields.  And today's reactionary move didn't make anything any better.  I say reactionary because it seemed to be just that.  The inflation report came out milder than expected and every body and their brother pulled their money out of bonds and flooded stocks.  Booooo!

That caused the bond to shoot up to as high as 4.726 before settling back down to 4.712.  I'm holding some definite optimism thanks to that settling.  The charts are against us so you should really way your own risk levels and lock if you have good pricing but, ever the optimist that I am, on a larger chart I feel we could have a ceiling right around this price line.  And until this report came out, we were holding the line very well.

That makes tomorrow the big one.  If it doesn't come down (or worse it goes up) make with the locking as soon as possible because there's no telling where the uptrend might end.

On a side note, I must've seen 5 different emails from lenders today offering pricing specials, or reduced pricing on various products.  Maybe they see it differently.  These guys are usually pretty smart.

Time will tell.  Stay tuned.

Jason