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 23, 2007
Presently Market Conditions Are:
The Labor Department reported U.S. consumer prices increased 0.6 percent in March which was the biggest increase since April 2006. However, growth in core prices, which excludes food and energy, was minimal with a mere 0.1 percent increase. Though cautious in their zeal, economists see this as good news in the fight against inflation. In a separate report, the Conference Board announced that its index of leading economic indicators rose by 0.1 percent in March following a two month decline.
My Expectations Are:
"If you like moderating inflation -- the Fed probably does -- then you'll probably jump for joy over the inflation readings for the next few months," said Ken Mayland, president of ClearView Economics. He went on to say that some large increases in core CPI last April and May will start dropping out of the year-over-year calculations. This will bring about increased confidence on the part of the Fed that inflation is under control.
As Your Trusted Advisor For Life My Guidance For You Is:
Construction on new homes increased 0.8 percent in March which may be an indication that builders are optimistic that the worst of the correction in the housing market is behind us. In addition, building permits increased and mortgage rates have decreased slightly. Capitalize on this exceptional opportunity by seeking the assistance of a qualified professional Advisor.
Monday, April 23, 2007
What Are Interest Rates Going To Do? 4/23/07
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