[Snookerd]

Being a Mortgage Broker Bus. owner, with the inflation report out today, rates are heading above 6.5%. They were in the mid to high 5's for the last month. Mortgage apps are down 22% in the last week. There will be more home price drops before this side of the economy regains a pulse. The newest wave of the mortgage meltdown is the "A" borrower now has lost most of the reduced income documentation (this is not Alt A loans, but Prime Conventional loans).