The stock market leads us into a weekend with hope and optimism. After some dismal news on the emplyement front, Wall Street ralied from down more than 250to up more than 250.
WOW!!!
Add into the mix good news from the Treasury that it would buy $5Billion in bad debt from Fannie and Freddie and we have the makings of a good rally in stocks, real estate and more favorable mortgage rates into the end of 2008 leading to a positive start to 2009.
Interest rates on fixed rate mortgages are now hovering at 5%. They are expected to head to 4.5% . wow!!
We have real estate prices at 4 year lows. Dare I say, BUYERS MARKET!!
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