Monday, September 03, 2007

What Are Interest Rates Going To Do? 9/03/07

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, September 03, 2007

Present Market Conditions Are:
The Commerce Department reported on Friday that inflation remained controlled while household incomes and spending strengthened in July, however these latest economic reports of July’s activities do not reflect the most recent turmoil felt. These figures suggest that consumers were in generally good shape before the credit crunch in August sent financial markets reeling.

My Expectations Are:
"The Federal Reserve stands ready to take additional actions as needed to provide liquidity and promote the orderly functioning of markets,'' said Federal Reserve Chairman Ben S. Bernanke at the Kansas City Fed's annual symposium in Jackson Hole, Wyoming. Many economists feel certain that the FOMC will lower the overnight lending rate by at least .25 percent when they meet again on the 18th of September.

As Your Trusted Advisor For Life, My Guidance For You Is:
The current market conditions dictate three essential and critical steps if you are currently considering purchasing or re-financing real estate. 1). Identify a quality source of information, 2). Identify a knowledgeable professional and listen to their advice so that proper timing and execution are achieved, and 3). Tap into the resources of a skilled mortgage professional to insure you are making sound financial decisions.

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Jeffrey S Stanton
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