Monday, November 10, 2008

What Are Interest Rates Going To Do? 11/10/08

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 10, 2008

Presently Market Conditions Are:
Rates declined last week with an upward movement Friday in reaction to the Employment report. And so, the fluctuation pattern that the the mortgage market has experienced in the past few months continues. Several factors contribute to the market's behavior including the trading swings in the stock market and the Treasury's purchase of mortgage backed securities (driving up bond prices, resulting in lower yields).

My Expectations Are:
Among other data, significant news on the Economic Calendar to watch this week is the Retail Sales Report due on Friday. Wall Street may experience another volatile week but some experts believe negative news shouldn't be a surprise to investors and will have already been factored in their trading equations, according to Peter Cohan of Peter S. Cohan & Associates.

As Your Trusted Advisor For Life, My Guidance For You Is:
Fixed rates continue to move within a range that continues to be at historic lows. This, along with attractive housing pricing makes it an extremely attractive time to purchase. Take this opportunity to meet with your mortgage professional to structure financing to meet your needs.

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

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Jeffrey S Stanton
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