Day: December 13, 2008

The Big 3 Auto makers have no bail out plan, how did this affect the market? What is more troubling to the market is the up coming Fed meeting on Tuesday. If they cut potentially by another .50% what will that do to interest rates. Historically in the past the mortgage rates have always increased due to the worries of inflation. However with the current state of our economy in a recession and deflationary concerns will historical patterns continue. Unfortunately we have no patterns to base the future markets. Stay tuned as we will post what happens to the mortgage market on Tuesday.