Monday, April 21, 2008

What Are Interest Rates Going To Do? 4/21/08

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 21, 2008

Presently Market Conditions Are:
Stocks rallied and Treasury prices fell last week as investors stepped out of the safety of government bonds following upbeat quarterly reports from names like Citigroup Inc. and Google Inc. In addition, surging energy prices may have helped lure some investors from government debt, which has seen low yields in recent months as investors have sought safety amid economic uncertainty and tightness in the credit markets.

My Expectations Are:
Federal Reserve policy makers, sensing both renewed inflation dangers and a possible economic boost from government rebate checks, may be nearing a pause in interest-rate cuts after the fastest reductions in two decades. “We are close to the end of rate cuts,” said Dean Maki, chief U.S. economist at Barclays Capital Inc. in New York. “The economy will be improving. Also, the inflation pressures are only intensifying at this point.” Investors are increasingly taking such talk, along with economic data and company earnings, as signs that the Fed will leave interest rates unchanged for the rest of the year after a quarter-point move on April 30th. Chairman Ben S. Bernanke and the rate-setting Federal Open Market Committee next meet April 29th-30th in Washington.

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.

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