Monday, August 17, 2009

What Are Interest Rates Going To Do? 8/17/09

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, August 17, 2009

Presently Market Conditions Are:
Rates ended the week slightly lower on positive news for the financial markets with strong Treasury demand and modest inflation data. The market “move is all about the decline of stocks globally that’s clearly leading the market higher as safety flows move into the market,” said Martin Mitchell, head of government-bond trading at the Baltimore unit of Stifel Nicolaus & Co.

My Expectations Are:
The economic news this week will be relatively light with Housing Starts and the Producer Price Index released on Tuesday, Jobless Claims on Thursday and the week will close with Existing Home Sales posted on Friday. Thursday the Fed will also announce the upcoming Treasury auctions. No changes have been announced to the MBS purchase program which currently has kept rates low. The program is scheduled to finish at the end of the year and the path the Fed takes will likely have an impact on the direction of rates.

As Your Trusted Advisor For Life, My Guidance For You Is:
Rates continue to be at all time lows and housing remains incredibly affordable. Meet with you mortgage advisor today to structure a deal to meet your financing needs.

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

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