Monday, June 08, 2009

What Are Interest Rates Going To Do? 6/08/09

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, June 08, 2009

Presently Market Conditions Are:
“Interest rates on 30-year fixed-rate mortgages caught up to the recent rise in long-term bond yields last week to reach a 25-week high.” stated Frank Nothaft, chief economist for Freddie Mac. The rate increase was primarily due to investor’s concern about the coming supply of new debt needed to pay for all the government stimulus programs in addition to the economic outlook improving sooner than expected.

My Expectations Are:
Retail Sales report will be the highlight on investor’s calendars this week. Retail Sales account for about 70% of economic activity. Other reports that investor’s will be keeping an eye on are Trade Balance, the Fed's Beige Book, Import Prices and the Consumer Sentiment to close out the week.

As Your Trusted Advisor For Life, My Guidance For You Is:
With housing prices remaining affordable low, now is the best time to meet with you mortgage professional to discuss a mortgage solution that meets your financial goals.

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

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