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, February 05, 2007
This week when a customer asks the question try this:
Present Market Conditions Are:
Last Wednesday the Federal Reserve did as most economists expected and kept the discount rate at 5.25%, marking the fifth straight time that they chose to hold steady after a string of 17 consecutive increases. Increased economic strength and a decline in inflationary pressures were the most frequently cited reasons for the continued pause.
My Expectations Are:
Many economists surveyed feel that the Feds next move will be to raise rates to help control economic expansion, contrary to opinion at the end of 2006. Most feel that any action that may occur would be later in the second and third quarter. "It looks like a Fed that is on hold for much of the year. I still think there is a greater probability of a tightening than an easing," said Brian Levitt, economist at OppenheimerFunds, Inc.
As Your Consultant For Life My Guidance For Is:
Mortgage rates increased for the fifth consecutive week but remain very attractive. 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.
Give it a try.
WOW your clients and customers.
Let me know how it works for you.
Week of: Monday, February 05, 2007
This week when a customer asks the question try this:
Present Market Conditions Are:
Last Wednesday the Federal Reserve did as most economists expected and kept the discount rate at 5.25%, marking the fifth straight time that they chose to hold steady after a string of 17 consecutive increases. Increased economic strength and a decline in inflationary pressures were the most frequently cited reasons for the continued pause.
My Expectations Are:
Many economists surveyed feel that the Feds next move will be to raise rates to help control economic expansion, contrary to opinion at the end of 2006. Most feel that any action that may occur would be later in the second and third quarter. "It looks like a Fed that is on hold for much of the year. I still think there is a greater probability of a tightening than an easing," said Brian Levitt, economist at OppenheimerFunds, Inc.
As Your Consultant For Life My Guidance For Is:
Mortgage rates increased for the fifth consecutive week but remain very attractive. 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.
Give it a try.
WOW your clients and customers.
Let me know how it works for you.
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