Monday, December 22, 2008

What Are Interest Rates Going To Do? 12/22/08

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 22, 2008

Presently Market Conditions Are:
It was April 1971 when Freddie Mac started tracking rates with the Primary Mortgage Market Survey. Since that time, 37 years, rates have not been lower. For the 7th week in a row, rates continued to drop with thanks largely due to the Fed as they cut the Fed Funds rate to between 0.00% and .25% and vowed to employ "all available tools" to stimulate economic growth.

My Expectations Are:
The economic data will be compressed into Tuesday and Wednesday due to the short Holiday week. Look for the final Gross Domestic Product (GDP) numbers for the third quarter along with existing home sales and new home sales and Durable Goods Orders for key market movers.

As Your Trusted Advisor For Life, My Guidance For You Is:
"It's a call to action for homeowners looking to get out of adjustable-rate mortgages," said Greg McBride, senior financial analyst at Anyone contemplating a refinance or purchase of a home should get with their mortgage professional today. This is an extraordinary time to take advantage of mortgage rates at historic lows.

On Your Financing Team.
Jeffrey Stanton
Your Personal Mortgage Consultant 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