Mortgage Discussion for the Panhandle area

We have had a good couple of days in the market and rates may be inching down a little. This has not been the big market correction we have hoped for but a turn in the direction of interest rates is in itself is good. This week is fairly light in economic data so we hope the donward three day run will start a trend.

There is an encouraging article today on the AP wire discussing second home purchases by baby boomers. It states that primary housing and investment housing has slid down last year but second home sales are up 5% as baby boomers get set for retirement. In a market such as ours in Florida I think we can all see the silver lining here in this news. Please remember our area of Florida is not over built such as Destin, Panama City and others. Here is a link if you are interested: http://smallbusiness.bellsouth.net/s/editorial.dll?fromspage=all/home.htm&categoryid=&bfromind=2599&eeid=5255462&_sitecat=1462&dcatid=0&eetype=article&render=y&ac=0&ck=&ch=sm