;)
click for larger imageThe rate markets are under pressure again this morning. The recent spike in interest rates adds more confirmation to our forecasts that the lows in the interest rates markets are now in place and rates are unlikely to fall to new lows. The recent stampede to the safety of US treasuries became excessive; the run down in rates was mostly in treasuries but mortgage rates benefited as the outlook for the US economy hit new lows in July and August. A lot of concern the US economy would double dip and fall back into text book recession sent investors, both domestic and foreign, to the safety of bonds. There just isn't much room left for improvement, but a lot of room for rate to go up. I would Strongly advise capitalzing while you can.
Monday, November 30, 2009 at 4:44PM 
As the snow falls at my home this evening, I reminded of this magnified photo of a snowflake. Yes it's real and I will forever look at a snowflake with awe and wonder. May you be surrounded by beautiful, simple things!
family, simple things in life