Monday, December 08, 2008

Dear Friends,

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, December 08, 2008


Presently Market Conditions Are:
Rates on 30-year mortgages plunged to the lowest level since January and the largest one-week drop in 27 years, mortgage giant Freddie Mac said on December 4th. Refinance activity surged as interest rates tumbled in response to the Federal Reserve's plan to scoop up $600 billion of mortgage-related securities. The Fed's move was the latest in an unprecedented series of actions to help stabilize the housing and credit markets as well as the broader economy.

My Expectations Are:
Federal Reserve Chairman Ben Bernanke said the government can take steps to improve the functioning of the mortgage market, which would allow more people to secure home loans and help stabilize the housing market. Bernanke stressed the importance of curbing the foreclosure mess because it is so inter-linked with the economy’s health. Fed Governor Randall Kroszner, speaking at the housing finance conference, said it will take time for investor confidence to be rebuilt in the market for mortgage-backed securities issued by private companies. “The recovery ... is bound to be a gradual process,” he said.

As Your Trusted Mortgage Advisor For Life, My Guidance For You Is:
With uncertainty in the job markets and the overload of reports on the country's economic troubles, it's critical for your home owners and potential home buyers to work with a knowledgeable mortgage professional who can asses their needs and offer solid financial solutions.

Posted by Jeffrey S. Stanton, ITI, CLC, CRLS, CHCLS, WOW at 11:28 AM

Labels:

No comments:

Post a Comment

Legal Stuff

CNE is a registered tradmark of Negotiation Expertise,LLC
JeffreysJournal.com. Your Professional Development and the information contained in/om http://www.jeffreysjournal.com/ , www,YourprofessionalDevelopment.com 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