Monday, August 25, 2008

What Are Interest Rates Going To Do? 8/23/08

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 25, 2008

Presently Market Conditions Are:
Mortgage rates were largely unchanged despite the high inflation reading this past week. Chairman Ben Bernanke, in prepared remarks at the Fed’s annual conference in Jackson Hole Wyoming, said that he expects inflation to moderate this year as oil and commodity prices ease under slowing domestic and global economic growth. The Chairman also indicated that the Fed is committed to medium-term price stability which was taken to mean monetary policy would remain on hold the next several months to allow the Fed time to observe developments in growth and inflation.

My Expectations Are:
The meeting of the Fed will kick off a busy week of economic reports. Along with the Fed’s meeting, investors will also be looking at the Durable Goods Orders, New Home Sales, and the Gross Domestic Product reports.

As Your Trusted Advisor For Life, My Guidance For You Is
With housing becoming more affordable and the rates still 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

Jeffrey S Stanton,
Your Mortgage Consultant For Life

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