It was better than expected, but not a huge shock. This is a seasonably favorable time of year for prices. It was more a case of special factors that you thought were going to make for a bad month not coming in to play. |
Overall credit conditions are already pretty supportive of growth. Their job is not to say 'Let's go for it. |
They are getting close to where they want rates to be and want to move cautiously over the last few steps to avoid making a mistake. |