Monday, December 17, 2007

What Are Interest Rates Going To Do? 12/17/07

You like me, are asked this question every day. "What Do You Think Interest Rates Are Going To Do?" Now here is a customer focused report for Mortgage Market Direction:

Week of: Monday, December 17, 2007

Presently Market Conditions Are:
The mood on Wall Street has been grim lately amid worries that rising inflation will limit the Federal Reserve's ability to keep cutting interest rates. The Fed has cut rates at its last three meetings in an effort to relieve some of the pressures in the credit markets and to keep the economy from falling into recession. Stocks point to a slow start for the beginning of the week due to the worries over inflation and the overall economic atmosphere.

My Expectations Are:
In a televised interview Sunday, former Federal Reserve Chairman Alan Greenspan warned that the U.S. economy was beginning to show early symptoms of stagflation, a condition where the economy experiences slow growth and higher inflation. With the lack luster holiday sales and stocks starting off rocky and oil jumping to $92 a barrel, rates should hold relatively steady for the week in this current stagflating market pondering the outcome of the GDP and Consumer Sentiment reports due out later this week. The GDP report is released on Thursday and the Consumer Sentiment report is on Friday.

As Your Trusted Advisor For Life, My Guidance For You Is:
With the current movement in the market, now is a great time to secure your financing with your mortgage professional. They will guide you toward the best mortgage product to meet your financial goals.

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Jeffrey S Stanton
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