Quick Update on Monday Market!

The bottom line for right now is that the familiar chant "Don't Fight the Fed" continues to ring true.

The Fed is intent on creating inflation, lowering the unemployment rate and raising Stock prices...and they have already been somewhat successful. Have you been noticing inflation on the products you are purchasing?

QE2 will likely keep coming until the employment picture improves significantly, and this is all going to be unfriendly for Bonds and home loan rates ahead. FHA is now quoting 5% without points and conventional mortgages are right behind. We will see them rising since we aren't seeing much improvement in unemployment.