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
Monday, November 03, 2008
What Are Interest Rates Going To Do? 11/03/08
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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
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