Monday, July 27, 2009

What Are Interest Rates Going To Do? 7/27/09

Dear 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, July 27, 2009

Presently Market Conditions Are:
“Mortgage interest rates were mixed last week with fixed-rate loans averaging somewhat higher while initial rates on ARMs were flat-to-down slightly” stated Federal Reserve Chairman Bernanke, during his July 22nd Senate testimony. He further noted that “mortgage rates are lower than they were last fall, in part because of the Federal Reserve's actions, and housing affordability right now is the highest it's been in many years.”

My Expectations Are:
The Gross Domestic Product (GDP) data for the second quarter of 2009 will be the highlight on investor’s calendars during this busy week. Other highlights investors will be keeping a sharp eye on are the Treasury auctions, Durable Goods Orders report, Consumer Confidence Index and the Employment Cost Index which is due out Friday.

As Your Trusted Advisor For Life, My Guidance For You Is:
With housing prices remaining affordable low and rates holding at historical lows, now is the best time to meet with you 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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Jeffrey S Stanton
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