Post-Fed Mortgage Rate Strategy

Good morning everyone, So, it’s Thursday morning, the 1/2 point cut in the Overnight Rate by the Fed is behind us so where is this market going? Well, this morning we can add to the mix the highest jump in the monthly unemployment number since the months after Hurricane Katrina back in 2005. Not good. The general media is reporting a story I discussed months ago, that being that the Fed is behind the curve on how the financial contagion that first reared its ugly head with the collapse of t

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