Monday, October 08, 2007

What Are Interest Rates Going To Do? 10/08/07

1000's of Agents like you, are asked this question every day, like me. "What Do You Think Interest Rates Are Going To Do?" Now here is a customer focused report for Mortgage Market Direction:

Week of: Monday, October 08, 2007

Presently Market Conditions Are:
Stocks rallied at the end of last week after a strong September jobs report raised bets that the economy will be able to avoid a recession, despite the drag from the housing and mortgage market meltdown. Bond prices slumped, boosting the corresponding yields on bets that if the economy is holding up better than thought, the Fed won't necessarily need to keep cutting interest rates.

My Expectations Are:
Expect to see interest rates tick slightly upward this week as a result of bond prices tumbling, since interest rates and bond prices move in opposite directions. Fed Vice Chairman Donald Kohn further doused rate-cut hopes by saying the Fed's Sept. 18th half-percentage point rate reduction might suffice to keep the economy on course.

As Your Trusted Advisor For Life, My Guidance For You Is:
Excellent mortgage programs and solutions are available in today's market. Compare available programs to find the best fit for your financial needs. Tap into the resources of a skilled mortgage professional to insure you are making sound financial decisions.

Your Trusted Advisor For Life
Jeffrey Stanton

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