Stock Markets slip could mean good news to mortgage rates

The Fed once again made the call to drop the interest rate, but also left trailings that the cuts will be coming to an end.  This ripple caused the stock market to slip and lose traction.  Although a negative in most aspects, it could indicate some rate improvements on the way.

Benchmark as a company is anticipating another mini-boom, like we experienced two months ago.  This dropped rates to 5.5% and below.  With this in mind, anyone who has been in the decision process of either purchasing or refinancing thier home, should be putting some time aside to make the decision. 

Indicators are there....some good news will benefit all in the market.