Thursday, December 28, 2006

What Are Interest Rates Going To Do? 12/28/06

You, like me are asked the question often. "What Do You Think Interest Rates Are Going To Do?" You know, now here is a customer focused report for Mortgage Market Direction.

This week when a customer asks the question try this:

Presently Market Conditions Are:
Final economic data for the fourth quarter continues to filter in and remains mixed, much like the previous two quarters. Surprisingly, new homes sales were up in November while inflationary indicators such as the Core Consumer Price Index were basically flat, both counter to predictions.

My Expectations Are:
With the New Year just around the corner, many economists are already beginning to look towards 2007. A large group of forecasters sees the Fed easing monetary policy next year as it grapples with below-trend growth, but some economists think the Fed will have to raise rates to keep inflation from flaring up. The largest factor in the Feds policy decisions will be inflation. Dan Jester, an economist for Moody's sees the Fed cutting rates in 2007. "It depends on how fast inflation comes down, said Jester in an interview for

My Guidance For You:
Mortgage rates were essentially flat last week with the average 30 year fixed rate below where it was a year ago. 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, Like me will enable you to take full advantage of the mortgage market.

You know, Give it a try.

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