Monday, April 13, 2009

What Are Interest Rates Going To Do? 4/13/09

Dear Realtor 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, April 13, 2009

Present Market Conditions Are:
Rates are up slightly as treasuries rose following three weeks of losses. The benchmark 30 year fixed rate market increased by 7 basis points over the previous week’s historic low. The Federal Reserve will continue to purchase government securities in an effort to further cut borrowing costs to the consumer.

My Expectations Are:
“The Fed doesn’t want yields to go up,” said Kei Katayama, who oversees $1.6 billion of non-yen debt in Tokyo as leader of the foreign fixed-income group at Daiwa SB Investments Ltd., part of Japan’s second-biggest investment bank. “They want at least stable, relatively low mortgage levels. The economy will struggle for a while.” Monthly inflation reports will be the most significant of the data released this week. The PPI (Producer Price Index) comes out on Tuesday and the CPI (Consumer Price Index) follows in Wednesday’s report. Retail Sales will also be announced on Tuesday indicating the major portion of economic activity.

As Your Trusted Advisor For Life, My Guidance For You Is:
No one can predict the bottom. As rates continue to remain low, and housing prices seem to have leveled off, there is no time like the present to take advantage of these market conditions. Consult with your financial professional to structure a program designed to meet your specific needs.

On Your Financing Team.
Jeffrey Stanton ITI, CLC, CNE, WOW
Your Personal Mortgage Consultant For Life.

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Jeffrey S Stanton
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