Monday, January 15, 2007

What Are Interest Rates Going To Do? 1/15/07

You, like me are asked this 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.

Week of: Monday, January 15, 2007

This week when a customer asks the question try this:

Present Market Conditions Are:
Friday's reports of better than anticipated retail sales figures for December as well as increased prices for imported goods provided new evidence for the argument that the economy remains strong enough to fuel inflationary pressures and prevent the Federal Reserve from cutting interest rates.

My Expectations Are:
Strong economic growth through the last quarter of 2006 and into 2007 indicates that the Fed may be slow to change interest rates in the near term. "With December retail sales stronger than expected and import prices rising at the fastest pace since May, evidence is mounting that the economy appears ready to come out of its 2% plus [economic growth] range," said Bernard Baumohl, managing director of the Economic Outlook Group. "It also means the Fed will remain disinclined to lower rates."

My Guidance For You:
Mortgage rates declined slightly last week while applications were at a seasonally adjusted high. 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 mortgage 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
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