Monday, April 09, 2007

What Are Interest Rates Going To Do? 4/09/07

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, April 09, 2007

Presently Market Conditions Are:
The Labor Department reported last week that 180,000 new jobs were created in March and the unemployment rate unexpectedly fell to 4.40%. This jobless rate matches the October number, which was the lowest in nearly six years. The dollar surged after the report was released. Also, U.S. consumer debt grew by 1.5% in February which was also its slowest pace since October. Economists were expecting consumer credit would rise by much more.

My Expectations Are:
"The report is a nail in the coffin of doomsayers who predicted the economy was going down for the count. It knocks out analysts who were predicting recession," said Stuart Hoffman, chief economist for PNC Financial Services in Pittsburgh. The data also cooled market expectations of a rapid reduction in interest rates by the Federal Reserve as wage growth is a major concern of Fed policymakers. However, this same growth in wages may support consumer spending.

As Your Trusted Advisor For Life My Guidance For You Is:
Mortgage rates have remained within a 0.1 percentage point every week in March. An additional glimmer of hope came last week from an unexpected increase in pending home sales for February, which suggests the housing market is still healthy. To ensure you capitalize on this excellent scenario, always seek assistance from a qualified, professional Loan Officer.

No comments:

Legal Stuff

CNE is a registered tradmark of Negotiation Expertise,LLC Your Professional Development and the information contained in/om , www, 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