Monday, November 12, 2007

What Are Interest Rates Going To Do? 11/12/07

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, November 12, 2007

Presently Market Conditions Are:
Most economists say the economy will pull through this rough patch as long as households have jobs and steady incomes. A moderate growth in employment and a modest rise in the unemployment rate are expected. The Monster online job index was strong, rising two points to 188 and is an encouraging sign of continued strength. Oil prices fell slightly as reports that OPEC would discuss increasing its output at an upcoming meeting in a bid to cool record crude prices. Concerns about loan quality and losses at the large banks are creating current market volatility.

My Expectations Are:
Last month Fed Chairman Ben Bernanke told a Senate committee that the economy appeared to be slowing enough to rein in inflation. That sentiment was echoed in the Fed’s official recent statement: “Economic growth has moderated from its quite strong pace earlier this year, partly reflecting a gradual cooling of the housing market and… inflation pressures seem likely to moderate over time.”

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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