193620 Resource 178438 178984 178982 1199304742484 1199317843892 Controlled Mortage Rates Down - Time to Buy or Refinance is Now!

Hope for another Fed Rate cut is in the making.

<p>The rally is heating up after a factory survey showed the manufacturing sector contracted last month sending money to government-backed securities.&nbsp; This helps hopes of another Fed rate cut.&nbsp; The ISM manufacturing report came in at 47.7 which is way below the expectatios of 50.5 and the lowest reading for 2007.&nbsp; Historically, the Fed has eased rates with an ISM number below 50.&nbsp; This is a good sign that things have spilled over from the credit markets to the real ecomomy.&nbsp; So it is a good start to the New Year.&nbsp; I am recommending floating into tomorrow and see what the reaction in the market is to the Fed minutes that will be released later today.&nbsp; Thursdays ADP report will give clues on Friday Jobs Report.&nbsp; Friday's Jobs report could be the catalyst that causes rates to improve towards refi-mania levels or causes pricing to give up its recent gains.&nbsp; Stay tuned as tomorrow will lay out my Jobs Report strategy heading into Friday's important release.</p><p /> 10 application/xml home loan interest rates home loans interest rates mortgages false Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322; .NET CLR 2.0.50727) 127.0.0.1 127.0.0.1 aheitland 75.160.24.218 false true false false true 178975 false false true false false false true 178438 blog blogsite/BestFlagstaffHomes/web