Sam's TEAM Blog

That familiar refrain from years past "Are we there yet?" is probably on the tongues of many as we navigate the financial waters in the continuing aftermath of the mortgage debacle.

The short answer is "No, we're not there yet".  There, would be the bottom of this deep sea dive searching for firm ground in unknown monetary territory.

As the gyrations of the oil and petroleum markets add to uncertainty in the markets, the financial world keeps waiting for the last shoe to drop.  We aren't there yet, but we are close, as mortgage rates scope through a fairly tight range in the mid 6% area.

We're not there yet, but many think we are close.  Even then, it will be several weeks, if not months, before we know we've risen off the bottom of the financial turmoil.