San Diego Mortgage Rates Report: July 31, 2007

We still maintain a cautiously float stance. 

The Fed's preferred benchmark of inflation signaled temperance, stronger earnings from General Motors suggest that the stock market isn't on its deathbed, and consumer confidence accelerated.

Of course, housing prices in San Diego suck but we all knew that.

I'll be speaking at the Inman RE Connect conference so I'll be out today and tomorrow.  If tomorrow's ISM index looks like it will change our cautiously float posture, I'll bang out a quick report; I figure that SOMEONE has to have internet access at a technology conference.