Monday, March 03, 2008

What Are Interest Rates Going To Do? 3/03/08

Week of: Monday, March 03, 2008

Presently Market Conditions Are
Stocks looked set to kick off the first trading day of March on a downbeat note, as worries about the slowing economy and weak dollar continued to stalk investors. Personal income rose 0.3% in January as consumer spending rose 0.4%. Incomes are growing at a moderate 4.9% pace annually while spending increased at a 5.5% rate. Their contribution to economic growth in the current quarter will be less than in the previous quarter. The price index remains elevated by the Feds standards but weak economic growth this year should dampen core inflation.

My Expectations Are:
Investors will get a fresh reading early in the week on nationwide manufacturing activity from the Institute of Supply Management as well as the Commerce Departments report on construction spending. The ISM index is forecast to fall to a reading of 49 from 51.5 for January with the construction spending following suit. Investors will also be waiting for the Employment Report and Pending Home Sales Index due out later this week.

As Your Trusted Advisor For Life, My Guidance For You Is:
Now is the time for consumers to take advantage of the current low rates. Contact your mortgage professional so they can structure a mortgage solution to meet your financial goals.

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