Monday, November 05, 2007

What Are Interest Rates Going To Do? 11/05/07

Dear Friends,

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, November 05, 2007

Presently Market Conditions Are:
Nearly twice as many jobs as expected were added in October, demonstrating economic strength even as the slump in housing continues. A total payrolls increase of 166,000 is the best growth since May, though some economists predict subsequent downward revisions. Unemployment rates remain very low and financial markets are near all time highs.

My Expectations Are:
Last Wednesday's Fed rate cuts were accompanied with a broad hint that additional cuts would not occur unless the economy worsened appreciably. Analysts believe that "upbeat news such as last weeks employment report and the GDP report earlier in the week were raising the bar," diminishing hopes of further rate cuts in 2007.

As Your Trusted Advisor For Life, My Guidance For You Is:
Housing prices have become very attractive in many areas of the country. Mortgage interest rates have dropped further, leading many to believe it is an excellent time to consider purchasing real estate. Always seek the advice of a respected professional for your home financing needs.

On Your Team
Jeffrey Stanton
Your Trusted Advisor For Life

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Jeffrey S Stanton
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