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 29, 2007
Present Market Conditions Are:
Data on the U.S. Economy continues to present a picture of sustained, controlled growth. Stronger than expected orders for durable goods coupled with the highest rate of new home sales boosted bond yields and signaled any concerns about an economic recession may be past.
My Expectations Are:
A majority of economists surveyed expect the Fed to remain on hold when they meet later in the week. This would extend the pause in rate increases to over seven month and provide further evidence that current policy is maintaining growth while helping to keep inflationary pressures in check. "The Fed is fairly happy to stand pat and see how things develop," said John Shin, economist at Lehman Brothers, "A Fed at rest tends to stay at rest."
My Guidance For You:
Mortgage rates increased slightly but remain near historic 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, January 29, 2007
What Are Interest Rates Going To Do? 1/29/07
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