Rates may come up slightly in the morning depending on market activity early. The FNMA 4.5 percent bond was again the victim of sell-off and lost 16 bps today. This is a difference of about 30 bps from when lenders came out with pricing this morning and we actually saw rates get worse late in the day today...

Rates on the 30 year fixed loans are BACK down to the 5.25% range...whew.

Gold relaxed today after trading over $950 an ounce as the dollar is again looking okay. Early 80's was the last time we saw gold this expensive.

The Core CPI (Consumer Price Index) report showed inflation is in check and the year-over-year inflation shows that things there are at levels not seen since 1950...

What is it? Core CPI compares the price of a set of goods to see if the price changes. If they get more expensive: that equals inflation...if they get "cheaper" that equals deflation...


Dow was EVEN on the day only losing 7 points at the bell.

Oil was up 56 cents...and ended the day at $71.03


Have a great eve!