Monday, September 24, 2007

What Are Interest Rates Going To Do? 9/24/07

You like me are asked this question often. "What Do You Think Interest Rates Are Going To Do?" Now here is a customer focused report for Mortgage Market Direction:

Week of: Monday, September 24, 2007

Presently Market Conditions Are:
The Federal Reserve slashed interest rates by a more-than-expected 50 basis points (.50%) last week, making money in the market cheaper for certain borrowers, primarily banks. Credit market volatility has been greatly reduced as investors have new confidence the worst of the sub-prime crisis is now behind us.

My Expectations Are:
This week, all eyes will be on key economic news reports related to consumer attitudes, retail sales and sales of new and existing homes. According to a report from Mortgage News Daily, it is likely that interest rates will come down further next week and, given the mid-week dates of the Freddie Mac and Mortgage Bankers Association Survey, probably the week after that.

As Your Trusted Advisor For Life, My Guidance For You Is:
Now that the Federal Reserve is "on the case" and taking aggressive steps to stabilize U.S. credit markets, investor optimism is beginning to return. Excellent mortgage programs and solutions are abundant in today's market. Tap into the resources of a skilled mortgage professional to insure you are making sound financial decisions.

Your Trusted Advisor For Life
Jeffrey Stanton

Posted by Jeffrey S. Stanton, ITI, CLC, CRLS, CHCLS, WOW at 8:13 AM

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