Monday, March 10, 2008

What Are Interest Rates Going To Do? 3/10/08

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, March 10, 2008

Presently Market Conditions Are:
Tremendous volatility was the continued theme for financial markets last week. Investors and consumers are hopeful that aggressive Federal Reserve actions coordinated with strong banking industry reforms might counter much of the negative news that is dominating the major media outlets. Record high oil prices and the latest job loss numbers have created the most recent round of negative sentiment.

My Expectations Are:
Another expected Feds Funds rate cut on March 18th will, at a minimum, add some psychological improvement to the housing and financial market woes. FNMA and FHLMC raised their lending limits, allowing for greater access to capital and the ability for the nations two largest investors to help struggling homeowners refinance and purchase homes. Middle range fixed rate mortgages, those with fixed terms between 5 and 7 years, should become very attractive over the coming weeks and months.

As Your Trusted Advisor For Life, My Guidance For You Is:
Now is an excellent time for consumers to take advantage of the historically low rates. Contact your mortgage professional to discuss a tailored mortgage solution to meet your unique financial goals.

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Jeffrey S Stanton
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