Monday, November 13, 2006

So What Are Interest Rates Going To Do? 11/13/06

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, November 06, 2006

Present Market Conditions
Data on the U.S. economy is still sending mixed signals. Consumer sentiment remains high, with income growth continuing to outpace inflation signaling strength while a slowing housing market in much of the country lends credence to the idea that the economy is continuing to contract.

Many economists look to Thursdays publishing of Consumer Price Index numbers for October to report a second straight decline in consumer prices, mainly the result of declining energy prices. However if Core CPI, which excludes food and energy prices, were to unexpectedly rise at a troubling pace in October it could put pressure on the Fed to raise interest rates again. "We do not expect anything in the report that would agitate the circling hawks at the Federal Reserve, so it may be slightly positive for bond prices," wrote Brian Bethune, an economist for Global Insight in his monthly report.

Mortgage rates changed slightly this past week, but remain very close to 40 year lows. 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.

No comments:

Legal Stuff

CNE is a registered tradmark of Negotiation Expertise,LLC Your Professional Development and the information contained in/om , www, 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