Monday, January 07, 2008

What Are Interest Rates Going To Do? 1/07/08

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, January 07, 2008

Presently Market Conditions Are:
U.S. stock futures look for gains this week as investors eyed a comeback from the previous session's brutal selloff and crude prices extended their declines. Stocks declined sharply at the end of last week, sending the blue-chip Dow lower by 2%. A surge in the unemployment rate and weak jobs data fueled anxiety about a recession in the U.S. Art Hogan, chief market analyst at Jefferies & Co., said he believes the rally in futures early Monday is due simply to the markets being oversold last week when a holiday-shortened trading week resulted in a low-volume sell-off.

My Expectations Are:
The prospect of a downturn in the U.S economy raises hopes the Federal Reserve will aggressively cut rates when it meets later this month. Hogan said there is even some hopes on the street that the Fed might cut rates ahead of its regularly-scheduled Jan. 30 meeting.

As Your Trusted Advisor For Life, My Guidance For You Is:
With the New Year beginning, now is a great time to secure your financing with a mortgage professional. They will help guide you to the best mortgage product to reach your financial goals

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