Friday, March 9, 2007

friday afternoon .....rant

its almost 4pm - the world is unfolding as it should...if only I had a greygoose on ice with 4 olives...oh well perhaps later. Interest rates are softening as suspected - the current 5 year mortgage rate ranges from 5.05% to 5.09% - with the odd renegade lender offering 4.95-4.99% if the covenant is super strong - The bond market stablilized today and we saw a bounce which should serve to hold the rates steady next week. Will the rates drop below 5% for the fixed 5 year term ?....only the shadow knows.
have a great weekend - get plenty of rest - dont worry about interest rates - the world will still be here on Monday

greygoose - out

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