Rate direction may be slightly up over last week. The bond market is losing some of last week’s price gains (prices falling, rates climbing) as global stock markets found buyers and money shifted from bonds to stocks. The posture in the stock market at the moment is toward purchasing, but it’s likely only technical, corrective trade will dominate today. There is little in way of economic reports this week which would otherwise create volatility.
2008 is going to be one of the greatest Real Estate Buying opportunities in our lifetimes. For those who are considering Real Estate investing, now would be a good time to Get Ready. Call me for free loan consultations and free loan pre-approvals for properties in California: Pat Townsley, Mortgage Broker. 415-485-1776. http://www.ptre.net/
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