Kevin BreelandGeneral manager, Residential Mortgage of South Carolina, Mount Pleasant, S.C.
My experience tells me when there is this much uncertainty in the market, it is hard to focus on just a few standard indicators. We have gold at record highs, rates at record lows, oil down from just two months ago at $85.54 per barrel, stock market up (+300 as of this writing for the day) only to see it drop by that much or more the next day. Too much volatility -- not a good thing. I would look for rates to move up this next week.