Monday, December 29, 2008

What Are Interest Rates Going To Do? 12/28/08

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: Sunday, December 28, 2008

Present Market Conditions Are:
“Interest rates on 30-year fixed-rate mortgages eased for the eighth straight week and set another record low since Freddie Mac's survey began in 1971” stated Frank Nothaft, chief economist for Freddie Mac. “The deepening recession has caused interest rates to fall across the board. Real GDP growth fell 0.5 percent in the third quarter of the year, pulled down by the largest drop in consumer spending since the second quarter of 1980.”

My Expectations Are:
As for this week, trading is expected to be choppy, with the market closed Thursday and many market participants on vacation. But investors will have a few economic reports to digest. On Tuesday, the Conference Board will release its December index of consumer confidence, which is expected to rise to a reading of 45.2 from 44.9 in November. That would still be at the low end of the index on a historic basis, which reached an all-time low of 38.3 in October. The Labor Department will report on weekly jobless claims Wednesday, after a 26-year high of 586,000 initial filings in the week ended Dec. 20. Investors will get a fresh reading on the manufacturing sector Friday when the Institute for Supply Management releases its December survey of purchasing managers. The ISM index is expected to fall to a reading of 35.4 from a 26-year low of 36.2 in November, according to consensus estimates compiled by

As Your Trusted Advisor For Life, My Guidance For You Is:
With housing prices becoming more affordable and rates easing, now is the best time to meet with your mortgage professional to discuss a mortgage solution that meets your clients financial goals.

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