Monday, October 22, 2007

What Are Interest Rates Going To Do? 10/22/07

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 22, 2007

Presently Market Conditions Are:
Stocks tumbled last week as housing and jobless-claims data, lower than expected earnings reports from banks, manufacturers and industrial companies, and record-high oil prices revived worries about an economic slowdown. As stock prices fell the bond market rallied, raising bond prices and pushing yields downward. With heightened concern over the strength of the economy, speculation has increased that the Federal Reserve will cut interest rates at the end of this month.

My Expectations Are:
In his remarks last Friday, Federal Reserve Chairman Ben Bernanke cautioned that assessing the economy's true state "remains a formidable challenge." However, investors have gained confidence in additional rate cuts, pointing to last week's economic events as an indication that the economy is likely to slow and that the Fed will need to stimulate it.

As Your Trusted Advisor For Life, My Guidance For You Is:
Keep in mind that interest rates change as a result of the financial markets and move upward and downward on a daily basis. Mortgage rates are still near historical lows making it a great time to secure financing. Leverage the knowledge and expertise of a trained professional to ensure you are choosing the best option to meet your financial needs.

On Your Team
Jeffrey Stanton
Your Trusted Advisor For Life

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Jeffrey S Stanton
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