Monday, July 30, 2007

What Are Interest Rates Going To Do? 7/30/07

Dear Friends,

You like me are asked this question often. "What Do You Think Interest Rates Are Going To Do?"

What are you currently saying when someone asks you this question?
"Rates are going up"
"Rates are going down"
or my least favorite
"If I knew that I would be a millionaire"

Experience shows that when someone asks you "How are the rates or What do you think rates are going to do?", they are really asking "How are the rates going to affect me?"

I would like to suggest that you give the following dialogue a try.

Week of: Monday, July 30, 2007

Present Market Conditions
The Commerce Department reported last week that the U.S. economy grew at an annualized rate of 3.4 percent during the second quarter which was the fastest pace since the first quarter of 2006. This was a sharp turn around from the bleak 0.6 percent growth rate seen during the first quarter of this year. This would put the yearly average at 2.0 percent. Also in economic news, Consumer Sentiment improved in July with gasoline prices dropping and stock markets hitting marginal highs.

Though stock markets hit highs during the month of July, last week was quite tumultuous. Economists are optimistic that the total of economic news, including the robust labor market in July, will calm some of the market jitters. According to Dana Johnson, chief economist at Comerica Bank Inc. in Detroit, “I think we’re going to do a little better in the second half – growth averaging around 2.5 percent but I think the acceleration is going to be gradual rather than obvious or vigorous.”

Recent economic reports have been a mixed bag of good and insipid news. It all has impacted real estate and mortgage sales. Rates declined further last week and there is still an ample supply of homes for sale. There are tremendous opportunities for buyers in this market. To take advantage of these tremendous opportunities consult with a highly trusted professional.

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