Monday, October 15, 2007

What Are Interest Rates Going To Do? 10/15/07

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: Sunday, October 14, 2007

Present Market Conditions
U.S. stocks rose for a fifth straight week, the longest stretch of gains since May, after last week's release of minutes from the Federal Reserve's Sept. 18 policy meeting and better-than-expected retail sales bolstered expectations that the economy will keep expanding. Bonds slipped after the minutes were released, pushing the yield on the benchmark U.S. 10-Year Treasury note up. Bond prices and yields move in opposite directions, and typically rising yields are an indication of economic strength and a rising interest rate environment.

Minutes from the Fed's Sept. 18 policy meeting showed central bankers avoided language that might indicate future rate cuts. Further policy decisions "would depend on how economic prospects were affected by evolving market developments and by other factors," according to the records, released last week. Reports this week on consumer prices and housing starts will give investors further clues on the outlook for interest rates and economic growth.

With the economy showing signs of strengthening, right now is a great time to take advantage of the exceptional mortgage programs that exist in today's market. Interest rates are still at historical lows. Leverage the knowledge of a trained professional to ensure you are making sound financial decisions.

Your Trusted Advisor For Life
Jeffrey Stanton

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