Monday, March 16, 2009

What Are Interest Rates Going To Do? 3/16/09

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 16, 2009

Presently Market Conditions Are:
“Mortgage rates moved lower across the product spectrum last week, following declines in long-term Treasury and corporate bond yields,” stated Frank Nothaft, chief economist for Freddie Mac. He continued to say that “Fixed-rate loans are close to the 50-year lows of early January.”

My Expectations Are:
Economic news will be focused around the Fed meeting on Wednesday. However, with the Fed Rate close to zero, a cut really isn’t an option so look to the Fed to announce alternative measures to stimulate the economy. Other economic data being released this week like the Producer Price Index (PPI), Consumer Price Index (CPI), Industrial Production and Housing Starts could also play a part in the investor’s outlook.

As Your Trusted Advisor For Life, My Guidance For You Is:
Given the recent historically low mortgage rates, homeowners have a strong incentive to try and refinance. 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.

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