With the Dow Jones industrial average up almost 4% in a Tuesday
morning rally as bargain hunters snapped up beaten-down stocks after
three days of hefty losses. Bonds slid as investors moved money into
stocks. Yet 17 of 19 mortgage-related stocks tracked by MortgageWire
posted strong gains. In addition housing constructions is. New home
buying is at, Mortgage Bonds did while treasuries. Banker are looking
for Fed to cut rates in coming months. Revised outlook for the
federal funds rate is 1.0 percent by the end of the year.

Average rates are at 6.39% Best rates are at 5.98%

Cisco earnings report could greatly affect the financial markets
tomorrow with stock markets likely posting strong gains and mortgage
rates spiking higher again.

Overnight mortgage rates are likely to rise or maintain current
levels.

Now would be a good time to set up contact with your mortgage
professional and prepare to lock-in rates. Learn how to find a good
lender, bargain home loan, business loan, student financial aid or
auto loan program with great incentives at the lowest rates available
at http://www.mortgageloansearch.cc