Monday, August 18, 2008

What Are Interest Rates Going To Do? 8/18/08

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: Monday, August 18, 2008

Presently Market Conditions
Mortgage rates barely reacted to last week’s Consumer Price Index (CPI) report, which showed that inflation rose more than was expected, and ended the week essentially unchanged. Mortgage rates usually move higher after an unexpected increase in inflation. This time they did not.

My Expectations Are
Minneapolis Federal Reserve Bank President Gary Stern noted that the decline in energy prices has slowed the inflation outlook, allowing the Fed "to be patient" on whether to boost interest rates. Economic weakness at home and abroad, a stronger dollar, and a decline in oil prices is bringing hope to Wall Street investors that the Fed will refrain from raising interest rates this year.

As Your Trusted Advisor For Life, My Guidance For You Is
With housing prices favoring a buyer's market and rates holding, now is the best time to contact your mortgage professional. Leverage their knowledge and expertise to structure a mortgage solution that meets your clients financial goals.

Jeffrey S Stanton,
Your Mortgage Consultant For Life

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Jeffrey S Stanton
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