Ups & Downs
I've been watching gas prices, home prices, and mortgage rates and the volatility is simply amazing. I'm ecstatic that gas prices have come down -- can you believe it? They're half of where they were just a few short months ago!!! I'm not so happy about my savings and investments but I'm not planning on retiring for around 20 years either.
Mortgage rates continue to be good at around 6%. However, it's been amazing to watch them go up to 7% one day and back down to 6% the next - over and over again!
Home prices have also been on a ride and with the numbers of homes for sale 20% fewer than a year ago and 10-20% more homes selling for the most part week over week from a year ago, the market seems to be correcting.
There are deals to be had in all these areas. For the savvy buyer willing to make a quick decision when they see a good buy-be it stocks, homes or mortgage rates, you can find some great deals. With the all the ups & downs and volatility, it's not for the faint of heart.