Went long at 2789 Not my own call though. No idea why that was a long, but the guy who called is damn good so worth a shot to try to get me green for the day
He says we are going higher than this, but I can't resist taking it out here at 2796 for +7 Crystal ball, man.
Ouch.....looks like housing sales are going to slow a bit.....people got so used to low mortgage rates that anything higher than 4.25% is like extreme!!! 4.5% is like mt Everest!!!! Mortgage rates jump even higher after positive jobs report The average rate on the 30-year fixed is now at its highest level in 4 years, about 4.5 percent. For some borrowers on the margins, they may no longer even qualify for the loan. For those out house-hunting already, the higher rates will only add to the weakening affordability in the market Diana Olick | @DianaOlick Published 58 Mins Ago