Monday, August 31, 2009

What Are Interest Rates Going To Do? 8/31/09

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 31, 2009

Presently Market Conditions Are:
30 year fixed mortgage rates barely moved last week. "Long-term mortgage rates were barely changed this week, remaining historically low, which is helping to sustain a high level of affordability in the home-purchase market," said Frank Nothaft, Freddie Mac vice president and chief economist."

My Expectations Are:
The major news in economic announcements this week is Tuesday’s Pending Home Sales Report, Thursday’s Jobless Claim and Friday’s Non-Farm Payroll. The lingering question is where rates will go. “The bond market does not believe we will see rapid robust rates of growth,” said Jeffrey Caughron, an associate partner in Oklahoma City at The Baker Group Ltd., which advises community banks investing $20 billion. “The deleveraging of the consumer will act as a drag on growth, which will keep inflation to a minimum and interest rates relatively low.” Most experts agree to keep a close eye on inflation as a major indicator.

As Your Trusted Advisor For Life, My Guidance For You Is:
As home prices remain affordable and interest rates remain low, now is an ideal time to meet with your mortgage advisor to structure a mortgage solution to meet your needs.

On Your Financing Team
Jeffrey Stanton ITI, CLC, CNE, WOW
Your Personal Mortgage Consultant For Life.
347-466-3047

Posted by Jeffrey S. Stanton, ITI, CLC, CRLS, CHCLS, WOW at 9:27 AM

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