Monday, June 02, 2008

What Are Interest Rates Going To Do? 6/01/08

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: Sunday, June 01, 2008

Presently Market Conditions Are:
Stocks gained last week in response to a brief oil price retreat, a better-than-expected reading on durable goods orders and an upwardly revised estimate of first-quarter gross domestic product. Treasuries on the other hand have seen their first back- to-back monthly declines in almost a year, as record crude oil prices added to speculation the central bank will start raising interest rates to fight inflation.

My Expectations Are:
Federal Reserve Bank of Dallas President Richard Fisher said he expects the central bank would raise the benchmark U.S. interest rate should the public begin to expect greater gains in consumer prices. “If inflationary developments and, more important, inflation expectations continue to worsen, I would expect a change of course in monetary policy to occur sooner rather than later, even in the face of an anemic economy.” This week’s key economic reports on manufacturing, the service sector and employment will be center stage as economists will be looking at these indicators for inflation clues as much as they will for insight into economic growth.

As Your Trusted Advisor For Life, My Guidance For You Is:
With growing speculation of inflation and potential interest rate increases be sure to leverage the knowledge and experience of a trusted mortgage professional to assist you in structuring a mortgage solution to meet your financial goals.

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