January 22, 2008 Market Update

Mortgage and Treasury bond prices are rallying this morning in response the The Fed's surprise move to lower the Fed Funds rate by 3/4 of a point. This is the largest single rate cut since 1984. With the next Fed meeting just over a week away on January 30, today's action was a very unusual move, indicating the severity of the conditions in financial markets. In addition to today's cut, investors are also expecting another half point cut in the Fed Funds rate at next week's meeting. The Dow was down as much as 464 points earlier this morning, before bouncing back and recovering more than half of the losses. No economic data will be released today.

Wyatt Poindexter
www.WyattPoindexter.com
Keller Williams Realty Oklahoma
(405) 417-5466

The two most important factors when selling your home

Sales price and condition are the two most important factors in selling a home, even in a down market. The first step is to price your home correctly. Use comparative sales information from your Realtor to objectively evaluate your home's worth. Second, go through the house and repair any obvious cosmetic defects that could deter a buyer. In a down market, you may have to consider lowering your sales price and/or making a major repair, such as replacing the roof, in order to lure a buyer. Also, make sure that your home is getting the exposure it deserves through the internet, advertising, good signage and a listing on the local multiple listing service or online listings provider. If this isn't happening, take it up with your Realtor. If you are still not satisfied you are getting the service you need, you may have to switch Realtor.

www.WyattPoindexter.com