Monday, November 03, 2008

What Are Interest Rates Going To Do? 11/03/08

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, November 03, 2008

Presently Market Conditions Are:
Frank Nothaft, Chief Economist for Freddie Mac stated, “The Federal Reserve's .50 percentage point cut in the discount rate and federal funds target rate on Wednesday was widely anticipated in the financial markets and is likely to keep short-term interest rates low; consequently, initial interest rates on ARMs, which tend to be set relative to other short-term rates, may remain near current levels.”

My Expectations Are:
All eyes will be focused on Tuesday’s election results. Economic data will continue to feed the outlook with the latest on construction spending, manufacturing and employment.

As Your Trusted Advisor For Life, My Guidance For You Is:
With housing prices favoring a buyers market and rates holding near historic lows, now is the best time to speak with your mortgage professional so they can structure a finanicial solution to meet your client's goals.

On Your Team.
Jeffrey Stanton
Your Trusted Mortgage Advisor For Life
347-466-3047

Posted by Jeffrey S. Stanton, ITI, CLC, CRLS, CHCLS, WOW at 11:07 AM

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