The market is readying itself for a 50-basis-point rate increase. Shorter-term issues are reflecting that, while longer-dated bonds are gaining on expectations that next week's refunding announcement will be positive.

The view is that the market could withstand a 25 basis point rate hike.

The market has somewhat anticipated a half-point rate increase next week, so if they can see signs that the economy is slowing then the belief is that maybe the Fed will not have to do anything beyond the next meeting, and that maybe the worst of the rate raise is over.

We can look at an adjustable rate mortgage if they're going to be in a home a shorter length of time, whether it be three to five years, ... The advantage is you can get a lower interest rate.

There was a stepped increase for the truckers, principally because they have some contracts longer term freight contracts and wanted some sensitivity to ease that rate in.

We have been and we remain in a very powerful bull market, ... in near term basis, the market has come long way in short period of time? and odds favor a bit of a time-out in the next week.