How often do we hear that question? "What Do You Think Interest Rates Are Going To Do?"
Here is a customer focused report for Mortgage Market Direction.
Present Market Conditions
The economy continues to show signs of strength in the fourth quarter. Last week's decision by the Fed to leave the discount rate unchanged at 5.25% along with a better than expected November retail sales report are clear indications that the economy is looking to finish strong after a slow start to the quarter.
Expectations
Several key indicators are scheduled this week ahead of the holiday which should provide a better gauge of overall economic health heading into 2007. Both the Commerce Department's report on durable goods orders as well as data on income and spending are scheduled for release on Friday. Most economists surveyed expect the information to reflect moderate increases in both statistics relative to October. "Steady job growth, rising wage rates and moderating inflation are boosting real disposable income at the fastest pace since late 2004," said the economic team at Global Insight.
Guidance
Mortgage rates inched up slightly last week but remain very close to historical 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.
Monday, December 18, 2006
What Are Interest Rates Going To Do? 12/18/06
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