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More positive economic signals and moves today that it's looking to be a great start to 2008 for homebuyers.The bond and mortgage markets started quietly today as total attention is directed to tomorrow's FOMC meeting and how big a cut they do. Renewed turbulence in financial markets puts Bernanke under pressure to open the monetary spigots wider to pump up the economy. Traders in federal funds futures are betting it's a certainty the Fed will cut its benchmark interest rate from 4.5% tomorrow, and they see a better-than-ever chance the rate will be 3.75% or below by April. Futures on the Chicago Board of … (0 comments)
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