Almost all the news today has been bad. Higher unemployment, lower sales and poor housing news. Basically all the stuff I've been talking about, the truth behind the headlines, is starting to poke it's head.
Next week will be an interesting one. The should be a few big sales of treasuries and depending on the demand we'll know where rates are going. I feel with this bad news out this week, people will buy up treasuries for safety which will bring the yields down and in turn hopefully the rates.
Again, I beg all of you to go to www.hvccpetition.com and sign this. What is going on with the appraisal process is going to kill this business and the value of your home.
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