The Upcoming Housing Boom

By Les Christie, CNNMoney.com staff writer
September 21 2006: 4:24 PM EDT

Higher interest rates, especially for adjustable-rate mortgages (ARMs), helped push some housing markets into the overpriced category last quarter, according to Jeannine Cataldi, an economist with Global Insight, which conducted the analysis with National City.

Let me get this straight. Interest rates have blown past their 6 month low and fast approaching their one year low. On Monday the above chart is going to show the 6 lost basis points that occurred in the last 24 hours. Momentum is strong and real. As predicted here in the beginning of the year despite the record fed raising of intra-bank rates. Mortgage rates did not hit the double digits and are now falling fast. GUESS WHERE THEY WILL BE WHEN THE FEDS CUT IN DECEMBER OR JANUARY.

We also have energy prices crashing - the single largest expense in our economy. Again this bubble was pointed out and predicted just prior to the crash..

So why the negative reports?

Why the lies?

Folks like Les Christie worked hard on their article. In fact these articles were started one month ago. All that hard work will not be thrown out just because it's false!!! We saw Forbes do the same thing when they reported on rising interests rates in January when they were in fact falling. Now nobody reads Forbs. I don't know anybody followed CNN, but a clown did ask me to post the article. Click on the blog headline to read the complete dramazation.