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.
Expectations
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.
Guidance
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
Monday, October 15, 2007
What Are Interest Rates Going To Do? 10/15/07
Legal Stuff
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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
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