Monday, September 22, 2008

What Are Interest Rates Going To Do? 9/22/08

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, September 22, 2008

Presently Market Conditions Are:
A Fed meeting is usually the most significant event in a week, but last week it took a back seat to other historic news events occurring in our financial markets. As the Federal government took unprecedented action to rescue the financial sectors, mortgage interest rates ended the week little unchanged.

My Expectations Are:
While many investors expected a rate cut on Tuesday to relieve credit markets, the Fed held the fed funds rate unchanged at 2.0% in a unanimous vote. According to its statement, the Fed expects inflation to moderate later this year, but they are concerned about the upside risks.

As Your Trusted Advisor For Life, My Guidance For You Is:
Take advantage of what are still extremely great interest rates and a housing market that favors the buyer. Now is the best time to consult your clients mortgage professional to structure a mortgage solution to meet their needs.

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Jeffrey S Stanton
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