Monday, October 27, 2008

What Are Interest Rates Going To Do? 10/27/08

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 27, 2008

Presently Market Conditions Are:
Mortgage Rates fell this week due to a couple of factors. When stock prices fall or are increasingly unstable, investors move to buy bonds, which lowers yields. Central Banks have been trying to loosen the strangle hold on credit lending to business and consumers and those efforts are finally paying off.

My Expectations Are:
Mortgage rates have been volatile for a few weeks and that may continue as the stock market continues to struggle to find stable ground. The good news is the fluctuation in rates is not nearly as dramatic as stock market pricing. This week, look for an anticipated cut by the Fed, the report on new home sales and news the consumer will retrench their spending according to Robert McTeer, former president of the Fed Bank of Dallas.

As Your Trusted Advisor For Life, My Guidance For You Is:
The swing in mortgage rates is moderate considering the economic volatility. This continues to promise an incredible opportunity to take advantage of rates that are still at historical lows and a housing market that offers some amazing deals. Now is the time to meet with your mortgage professional and structure a mortgage that meets your clients needs.

On Your Team.
Jeffrey Stanton
Your Trusted Mortgage Advisor For Life

No comments:

Legal Stuff

CNE is a registered tradmark of Negotiation Expertise,LLC Your Professional Development and the information contained in/om , www, is the sole property of Jeffrey Stanton. the information contained is opinion only and should not me taken as legal or profesional advice. This website may not be duplicated whole or in part with out written permission.
This Site is not affilated with any othe web site and my contain links to outside web sites and is not responsible for other web sites content.

Certain statements contained on this blog may be deemed to be forward-looking statements within the meaning of the federal securities laws. The words “anticipate,” “believe,” “estimate,” “expect,” “project,” “plan,” “forecast,” “intend,” “goal,” “target,” and similar expressions identify forward-looking statements that are inherently subject to risks and uncertainties, many of which cannot be predicted or quantified. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including, the effect of economic and market conditions including industry volumes and margins; the level and volatility of interst rates; the Company’s hedging strategies, hedge effectiveness and asset and liability management; the accuracy of subjective estimates used in determining the fair value of financial assets ; the credit risks with respect to our loans and other financial assets; the actions undertaken by both current and potential new competitors; the availability of funds from lenders and from loan sales and securitizations to fund mortgage loan originations and portfolio investmetns; the execution of growth plans and ability to gain market share in a significant market transition; the impact of disruptions triggered by natural disasters; the impact of current, pending or future legislation, regulations or litigation. The statements here are not offeres to extend credit as defined by Regulation Z. Rates, Programs, & Availability of Credit is subject to change

Jeffrey S Stanton
DRE ID # 01865119