Monday, March 02, 2009

What Are Interest Rates Going To Do? 3/02/09

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, March 02, 2009

Present Market Conditions Are:
“Mortgage rates were little changed last week amid mixed data reports of a slowing economy,” stated Frank Nothaft, chief economist for Freddie Mac. He continued to say that “Both the core Producer Price and Consumer Price Indexes ticked up in January, higher than the market consensus, while the Conference Board reported that consumer confidence in February fell to the lowest reading since records began in January 1967.”

My Expectations Are:
With the economy in its current condition, upcoming data releases are very important to the emerging economic picture. This week is looking at a very busy economic calendar with most eyes being focused on Friday’s employment report.

As Your Trusted Advisor For Life, My Guidance For You Is:
With lower house prices and affordable rates, 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 ITI, CLC, CNE, WOW
Your Personal Mortgage Consultant For Life.
347-466-3047

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