Monday, January 28, 2008

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 28, 2008

Presently Market Conditions Are:
U.S. stocks were poised for a rough start last week as investors watched overseas markets tumble and awaited the upcoming Federal Reserve policy meeting along with President Bush's final State of the Union address. Stock losses were Treasuries gain as money flowed back into the bond market to wrap up last weeks crazy ride. More dire news from the financial sector made the case for investors to seek safe harbor, the bond market.

My Expectations Are:
"Economic news released last week confirmed the weak condition of the housing market," Freddie Mac vice president and chief economist Frank Nothaft said in a statement. "When the Federal Reserve cut the target federal funds rate by three quarters of a percentage point, the action was extraordinary in both the magnitude and the timing of the rate cut," he said. Mortgage companies will be looking toward the January results of the Consumer Sentiment and Unemployment Reports due out at the end of the week.

As Your Trusted Advisor For Life, My Guidance For You Is:
Not since 2004 have mortgage interest rates been this low, now is an excellent time to secure your home mortgage financing. Consult your professional for answers to your financial needs.

Posted by Jeffrey S. Stanton, ITI, CLC, CRLS, CHCLS, WOW at 12:16 PM

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