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, July 13, 2009
Presently Market Conditions Are:
“Interest rates for 30-year fixed-rate mortgages fell for the second week in a row to the lowest level in six weeks amid market concerns over a weakening labor market.” stated Frank Nothaft, chief economist for Freddie Mac. A strong demand for the Treasury auctions along with the declines in the stock market also helped mortgage rates end the week lower.
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 Producer Price Index (PPI), the Consumer Price Index (CPI), and the Housing Starts 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 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
Monday, July 13, 2009
What Are Interest Rates Going To Do? 7/13/09
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