Monday, January 23, 2006
What a surprise mortgage rates dropped again
By the 1st week of February mortgage rates will be at a 4 month low. But it just doesn't matter. The main stream thought is the "rising" mortgage rates will make housing unaffordable. So know we have the homebuilders who are growing their profits trading at a PE in the 7s and heading for the 5s if this keeps up over the next year.
A mob can be a dangerous thing. Will have to wait and see how low they can take the homebuilders
A mob can be a dangerous thing. Will have to wait and see how low they can take the homebuilders
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