Monday, March 17, 2008

What Are Interest Rates Going To Do? 3/17/08

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 17, 2008


Presently Market Conditions Are:
The Federal Reserve, in an extraordinarily rare weekend move, took bold action Sunday evening to provide cash to one financially squeezed Wall Street investment house, Bear Stearns. This a fresh effort to instill confidence in the global markets based on problems arising from the global credit crisis. "These steps will provide financial institutions with greater assurance of access to funds," Federal Reserve Chairman Ben Bernanke told reporters in a brief conference call Sunday evening. U.S. Treasury notes rose, causing the 10-year yield to fall 10 basis points to 3.36 percent as traders bet the U.S. central bank will lower its benchmark rate by a full percentage point when it meets this week.

My Expectations Are:
Expect one of the most volatile, media hyped news weeks in recent memory. According to Freddie Mac’s Chief Economist, Frank Nothaft, “The combination of lower mortgage rates and lower house prices contributed to a more affordable market for homebuyers. The National Association of Realtors® reported that January’s Pending Home Sales Index held unchanged from December, contrary to the consensus expectation of a one percent slide, signaling that existing home sales in February could hold steady from January’s level.”

As Your Trusted Advisor For Life, My Guidance For You Is:
Now is the time for consumers to consider taking advantage of historically low mortgage rates and attractive housing prices. Contact a respected mortgage professional to ensure you structure a solution tailored to compliment all your financial goals.

No comments:

Legal Stuff

CNE is a registered tradmark of Negotiation Expertise,LLC
JeffreysJournal.com. Your Professional Development and the information contained in/om http://www.jeffreysjournal.com/ , www,YourprofessionalDevelopment.com is the sole property of Jeffrey Stanton. the information contained is opinion only and should not me taken as legal or profesional advice. This website may not be duplicated whole or in part with out written permission.
This Site is not affilated with any othe web site and my contain links to outside web sites and is not responsible for other web sites content.

Certain statements contained on this blog may be deemed to be forward-looking statements within the meaning of the federal securities laws. The words “anticipate,” “believe,” “estimate,” “expect,” “project,” “plan,” “forecast,” “intend,” “goal,” “target,” and similar expressions identify forward-looking statements that are inherently subject to risks and uncertainties, many of which cannot be predicted or quantified. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including, the effect of economic and market conditions including industry volumes and margins; the level and volatility of interst rates; the Company’s hedging strategies, hedge effectiveness and asset and liability management; the accuracy of subjective estimates used in determining the fair value of financial assets ; the credit risks with respect to our loans and other financial assets; the actions undertaken by both current and potential new competitors; the availability of funds from lenders and from loan sales and securitizations to fund mortgage loan originations and portfolio investmetns; the execution of growth plans and ability to gain market share in a significant market transition; the impact of disruptions triggered by natural disasters; the impact of current, pending or future legislation, regulations or litigation. The statements here are not offeres to extend credit as defined by Regulation Z. Rates, Programs, & Availability of Credit is subject to change

Jeffrey S Stanton
DRE ID # 01865119