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, September 07, 2008
Presently Market Conditions Are:
Mortgage rates eased over the holiday-shortened week. Frank Nothaft, Chief Economist at Freddie Mac, stated that this was due to “economic data releases that suggest consumer spending may slow” with particular emphasis on the employment report. However, he continued, “The economy grew at an upwardly revised 3.3 percent pace in the second quarter, boosted by the smallest trade deficit in eight years.”
My Expectations Are
The beginning of the financial week looks relatively quiet until Friday when trade data is released, which is important because exports have been carrying economic growth and most of our oil is imported. The two major reports investors will be watching are Producer Price Index and Retail Sales.
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.
Jeffrey S Stanton
Your Mortgage Consultant For Life
347-466-3047
Sunday, September 07, 2008
What Are Interest Rates Going To Do? 9/07/08
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Jeffrey S Stanton
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