Mortgage applications up in responds to lower rates.

Oil Prices now below $77/barrel. Manheim Used Car Index fell 2% last month down 4% for the year and slower job growth. These are all strong participants in the inflation calculation giving a positive impact to rates.

“Last week’s decrease in rates was driven by the U.S. Treasury’s issuance update, the Fed striking a dovish tone in the November FOMC statement, and data indicating a slower job market,” said Joel Kan, vice president and deputy chief economist at the MBA.

We could be headed for a perfect storm. The adage the early bird gets the worm may be right.

We might think we are being practical and smart by waiting, but I believe it’s hiding our fear of commitment. Go get your worm…