Rates are going to run up to 5 and a quarter across the board this summer. Its going to keep housing down but should contain commodity prices. It's too soon after the run up in housing to warrant more speculation in housing again. Dropping rates at this point will only send the short attention spanned house flipper back into real estate trying to make more on speculation. Once the summer is near a close rates should start falling again and bonds will be king. I though we would have had another summer rally but it doesn't look like it will happen for a few more months.
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