The week ahead .....

 

The stock market is opening up down big time yet again. Speculators are calling for the Fed to cut rates up to .75% Jitters in the stock market have started another rally in the treasuries, which usually means lower mortgage rates. The credit market seems to be in a deep freeze. The Government understands this and is attempting to do everything possible to encourage banks to lend money. It would make sense to believe this will benefit everyone in terms of lower mortgage rates. But nothing makes sense in this market. When an interest rate is available that makes sense for you, jump on it and never look back! Look for rates to dip today on market fears but the rest of the week is a total crap shoot. Stand by for special alerts......

                                    Maryland Mortgage Expert

 

 
Posted by Lewis Poretz - - Maryland Mortgage Expert - on 10/06/2008 11:12 AM   Comments (3)   This Week Ahead in the ActiveRain Channel   this week ahead  
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3 Comments on The week ahead......

OCT
06
2008
129,378 Points 5 Featured Posts Outside Blog

Actually Lewis, in a crap shoot, I think it is more predictable. This market is in total chaos. Enjoy the week.
2:36pm • #1
3 Featured Posts Localism Sponsor

chaos....   or freefall??
7:42pm • #2
OCT
07
2008
117,143 Points 6 Featured Posts Localism Sponsor

This is carzy stuff.  Buyers are paralyzed either because they can't qualify for mortgages or expect home prices to fall a lot farther.  McCain (in tonight's debate) wants the US Government to buy up all the bad mortgages and re-work them so that people can stay in their homes.  Yea, right.  We couldn't print money fast enough to do that.
9:52pm • #3

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Lewis Poretz - - Maryland Mortgage Expert -

Annapolis, MD

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