Monday, July 07, 2008

What Are Interest Rates Going To Do? 7/06/08

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, July 06, 2008

Presently Market Conditions Are:
Wall Street finished last week with another decline. While it was less of a drop compared to the week before, investors are showing clear dissatisfaction with the economy and seeking security in Treasuries. Investors often flock to the security of government-backed bonds when the economic climate is uncertain.

My Expectations Are:
“It’s like we’re in a rain delay, waiting for a recession to start,” said Standard & Poor's Corp. strategist Sam Stovall. Many on Wall Street believe the Fed’s hands are tied with respect to raising interest rates to ward off inflation. The concern is that higher interest rates may choke off any forward momentum the economy can muster up. This week’s economic data will be light - Housing on Tuesday, Unemployment on Thursday, and Consumer Sentiment as well as the Commerce Department’s report on the U.S. trade deficit on Friday.

As Your Trusted Advisor For Life, My Guidance For You Is:
Housing prices are favoring a buyers market and rates are still holding near historic lows. Leverage the knowledge and expertise of a trained mortgage professional to structure a mortgage solution that meets your clients financial goals.

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