How often do we hear that question?
"So What Do You Think Interest Rates Are Going To Do?"
Here is a customer focused report for Mortgage Market Direction
Week of: Monday, October 23, 2006
Present Market Conditions
The Stock Market entered record territory again Thursday with the Dow closing over 12,000 for the first time ever; 19 years to the day after the crash of 1987. Additionally, the Conference Board reported that the index of leading economic indicators rose 0.1% in September and that there was stronger than anticipated data from the employment and housing sector
Expectations
Prior to the release of Thursdays data some economists had predicted that there was a possibility the Fed may lower short term rates at this weeks Fed meeting. "This has been a week of data reports that have been stronger than the market anticipated," said Thomas di Galoma, head of Treasury sales at Jefferies & Co. Everyone had assumed the Federal Reserve would ease on rates, but now there is strong data" indicating otherwise.
Guidance
Mortgage rates remain effectively unchanged ahead of the Fed meeting Wednesday. These tremendously low mortgage rates coupled with an abundance of available homes make this a terrific time to purchase a home or refinance a mortgage. As always, staying informed of movement in financial markets and having the assistance of a professional consultant will enable you to take full advantage of the mortgage market
Monday, October 23, 2006
So What Are Interest Rates Going To Do? 10/23/06
Legal Stuff
CNE is a registered tradmark of Negotiation Expertise,LLC
JeffreysJournal.com. Your Professional Development and the information contained in/om http://www.jeffreysjournal.com/ , www,YourprofessionalDevelopment.com is the sole property of Jeffrey Stanton. the information contained is opinion only and should not me taken as legal or profesional advice. This website may not be duplicated whole or in part with out written permission.
This Site is not affilated with any othe web site and my contain links to outside web sites and is not responsible for other web sites content.
Certain statements contained on this blog may be deemed to be forward-looking statements within the meaning of the federal securities laws. The words “anticipate,” “believe,” “estimate,” “expect,” “project,” “plan,” “forecast,” “intend,” “goal,” “target,” and similar expressions identify forward-looking statements that are inherently subject to risks and uncertainties, many of which cannot be predicted or quantified. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including, the effect of economic and market conditions including industry volumes and margins; the level and volatility of interst rates; the Company’s hedging strategies, hedge effectiveness and asset and liability management; the accuracy of subjective estimates used in determining the fair value of financial assets ; the credit risks with respect to our loans and other financial assets; the actions undertaken by both current and potential new competitors; the availability of funds from lenders and from loan sales and securitizations to fund mortgage loan originations and portfolio investmetns; the execution of growth plans and ability to gain market share in a significant market transition; the impact of disruptions triggered by natural disasters; the impact of current, pending or future legislation, regulations or litigation. The statements here are not offeres to extend credit as defined by Regulation Z. Rates, Programs, & Availability of Credit is subject to change
Jeffrey S Stanton
DRE ID # 01865119
No comments:
Post a Comment