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Tuesday, June 06, 2006

30 Yr. Mtg hits 6.66% on 6-06-2006 -----Numerology takes front stage

After the DaVinci Code and all the emphasis on 666 and mysterious patterns of numerology--today is the big day--the day of 6-06-2006. The stock market must have got the date wrong---it seemed to panic yesterday.

Click on the post for the impact of the rising 30Yr. Mtg rates on housing sales. If you ask any realtor about home sales they will simply say---"It's pretty slow." Realtors are a real close mouthed bunch. There are only three responses, "Fantastic, Good and "Real Slow". The last time that the national group of realtors responded "real slow" was in 1932 during the bank holiday. So.....

I have been trying to calculate when, at the current rate of rising homes for sale across America over 90 days, how long it will take till every home in America is up for sale. I just cannot get the algorithm right. Maybe one of my reader can help.

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