What Are Interest Rates Going To Do? 10/06/08

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: Monday, October 06, 2008

Presently Market Conditions Are:
Mortgage rates rose slightly last week in a volatile week amid political turmoil. Bond yields moved up and down in direct correlation to the daily gyrations of congress and their ability to pass the $700 billion rescue package.

My Expectations Are:
In a statement released Friday in Washington, Fed chairman Ben Bernanke said “The legislation is a critical step toward stabilizing our financial markets and ensuring an uninterrupted flow of credit to households and businesses, we will continue to use all of the powers at our disposal to mitigate credit-market disruptions and to foster a strong, vibrant economy.'' With that said, the actual affect on the credit markets will take some time.

As Your Trusted Advisor For Life, My Guidance For You Is:
Rates are still historically low. Now is a great time to discuss your financial goals with a seasoned mortgage professional who can structure a mortgage that meets your clients needs.