Monday, April 14, 2008

What Are Interest Rates Going To Do? 4/14/08

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:

Week of: Monday, April 14, 2008

Presently Market Conditions Are:
Rates remained relatively level due to very little economic news. At a conference sponsored by Deutsche Bank AG and co-hosted by Bloomberg, the former Federal Reserve chairman Alan Greenspan said, ``We still have what, at the moment at least, appears to be a reasonably good real economy, as distinct from finance.'' The current Fed chief, Ben Bernanke, sees it much the same.

My Expectations Are:
According to Freddie Mac’s chief economist, Frank Nothaft, “Currently, the federal funds futures market indicates a 100 percent chance of a rate cut at the next Federal Reserve Committee meeting on April 30th and is roughly split between whether it will be a quarter or a half of a percentage point. Over the first eleven weeks of this year, the Federal Reserve reduced the overnight bank-lending rate by two percentage points, the fastest decline in two decades.”

As Your Trusted Advisor For Life, My Guidance For You Is:
With current mortgage rates still holding at historically low levels, now is the best time to contact your mortgage professional so they can structure a mortgage solution to meet your financial goals.

No comments:

Legal Stuff

CNE is a registered tradmark of Negotiation Expertise,LLC Your Professional Development and the information contained in/om , www, 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