After an unexpected .75 rate drop on Tuesday January 22nd the FED meets next week again (the end of January).  They are expected by Wall Street to cut rates again to help our slowing economy and troubled housing market.  How much will they cut and how will it effect mortgage rates is the question.  The FED's behind the curve now and is trying to make up for it.  Wall Street is betting on another .50 basis points but we will have to wait and see. No matter what happens our housing market and economy still needs interest rates lower.  This will help out borrowers so they can refinance at a lower rate and make it more attractive for buyers to buy a home who have been afraid to put their toes in the water. 

I'd love to here your thoughts on a Huge financial news week coming up that will drive interest rates, the stock market and the housing market.  I can't wait to see what happens!  

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