HomeLoans Blog

December 18th, 2010 12:06 PM

It is funny when all the main stream headlines start proclaiming a trend, it just seems to be at the end.

This morning the Chattanooga business section headline proclaimed that stocks are "ripe for a continued stock market rally."

Of course if there is such a continued stock rally into next year, then the November trend of increasing rate will continue.

The good news though may be that we have such headlines in the newspaper. When the mainstream media reports something it may already be over.

Rates actually had fairly big two day rally on Thursday and Friday. They recovered some of the steep rise that had taken place earlier in the week.

I am not ready to proclaim a return to the 4.25% 30 year rates, but at least we may have hit the top of the interest rate rise.

And the newspaper headline brings some comfort, because I think such headlines are usually late, and wrong.

We will see. :)


Posted by Richard Smith on December 18th, 2010 12:06 PMPost a Comment (0)

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