So, the Prime and all that jazz went down today!  It was lower by .75%, just a little less than the betters’ game, but enough to make the stock market rally! 

Words like, inflation, slow employment, sluggish housing and pull back on consumer spending were thrown around. So, the bond traders who are all nervous Nelly-wash women to begin with, started going crazy and sell sell sell!.  So, the yield goes up and the mortgage rates go up.  Boo hoo. 

 Do not lock in on panic moves, wait they will go down to where the were.  I can be a better too and tell you they will go way down……maybe soon.

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