Monday, June 23, 2008

What Are Interest Rates Going To Do? 6/23/08

Week of: Monday, June 23, 2008

Presently Market Conditions Are:
Interest rates for fixed-rate mortgages fell slightly last week as a result of a late boost in the bond market. Part of the boost was based on the stocks loss on Friday led by another steep decline in financial shares and a bounce higher for oil.

My Expectations Are:
Investors will be waiting anxiously due to the number of economic reports due this week. "I think we're going to have another volatile session," said Peter Cardillo, chief market economist at Avalon Partners. The major factors that could affect pricing are Durable Goods Orders, Gross Domestic Products, Jobless Claims, and the two day meeting of the Federal Reserve.

As Your Trusted Advisor For Life, My Guidance For You Is:
With housing prices favoring a buyers market and rates holding at historic lows, now is the best time to contact your mortgage professional so they can structure a mortgage solution to meet your clients financial goals.

Posted by Jeffrey S. Stanton, ITI, CLC, CRLS, CHCLS, WOW at 10:16 AM

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