Hmmmmm....

So my friend Dave Sinykin asked me if I don't like apostrophe's......he has a point. Just like many these days I am taking the easy way while typing and just flying through. So in an effort to make Dave happy..I will use apostrophe's.

This is kind of like the mortgage industry. Back in the crazy days we started taking short cuts to make things easier for everyone; stated income loans, no asset loans, no doc loans and more....and look what that caused...an absolute mess for the industry and home owners as well. So if I use apostrophe's perhaps I will not start a mess of some sort for all of us.....

The mortgage market got whacked yesterday and of course that affected interest rates....again. There are many that are trying to figure out why in the wake of so much data that is bond friendly for the market why rates keep creeping up. Well that is pretty simple and is a combination in my opinion of 3 basic things. First we have year end positioning...what that means is that traders are taking their profits and losses for tax purposes. Second because of the time of the year we have thin trading...what that means is that there are many people taking time off on Wall Street or even the day traders and that creates fewer people trading and skews the market. And finally with the Fed purchasing bonds the way that they are it tends to over amplify the first 2 items that I have mentioned resulting in activity that causes the rates to go up in a skewed and overstated manner.

Personally I believe that after the first of the year we will see interest rates go back down some...just how far I am not sure but I doubt to the levels we saw earlier this year.

What I get a kick out of is that rates went up right around the time that my son came home from college which would also be the same time that I had to spend more money. My guess is that they will go down right around the time that he heads back and I will spend less money at home.

Of course we still have to look forward to all of the Xmas/Holiday spending reports which will affect rates as well. From what I can tell on my own experiences of giving and receiving....we bought and spent less this holiday season....at least I tried to. That could cause rates to drop a little.

Again I am welcome to suggestions from any and all of you of what I can do differently with this blog and really want to get your questions that I might be able to answer as well. One big thing that I am curious about is how often should I post a blog? I mean it is my own personal soapbox in many ways and I should be able to say whatever I want when I want to but I don't want to be mundane and annoying either.

Hey..I just figured out the spell check for this blog format....