At 5:25pm today - I received the second reprice for the better.  While the improvement was slight - I believe it will be short lived.  Tomorrow, The FED will cut the Fed Funding Rate and I am beginning to think it will be dramatic...As much as 1%.  How or if this will affect our rates tomorrow no one knows.  The uncertainty right now, is what happens after the market closes.  The stocks could surge tomorrow and increase our mortgage rates a tad.  The GOOD news is the rates on Home Equity lines of credit will drop...and this should help out many homeowners who elected to have their line of credit float with PRIME!

Good Luck,