"THERE AIN'T NO CURE FOR THE SUMMERTIME BLUES..." Eddie Cochran And although Bernanke and the Fed can't do much to help you overcome the feeling of summer slipping away - their actions have helped to stabilize the financial markets, and calm some of the "credit crunch blues". Just over a week ago, the Fed made a decision to lower the rate at their "Discount Window", allowing banking institutions another method of providing assurance of liquidity to their clients, and also helping many institutions continue to fund home loans. Due to the Fed's action, the past week was somewhat calm in the financial world...at least calmer than has been seen in awhile. Both the Stock market and the Bond markets moved higher, and conforming home loan rates remained stable to very slightly improved.

SO YOU'VE SEEN THE HEADLINES ABOUT THE FED AND THE DISCOUNT RATE...BUT MANY PEOPLE ADMIT TO HAVING THEIR EYES GLOSS RIGHT OVER. HOW DOES THIS ALL IMPACT YOU? FOR A SIMPLE EXPLANATION, READ THIS WEEK'S MORTGAGE MARKET VIEW. YOU'LL GET THE WHOLE SCOOP, AND UNDERSTAND WHAT YOU SHOULD DO RIGHT NOW.