Monday, October 12, 2009

What Are Interest Rates Going To Do? 10/12/09

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, October 12, 2009

Presently Market Conditions Are:
Rates fell slightly the first part of last week but the weak demand for the longer term treasuries negated the downward push and as of Friday the 30 yr rates remained relatively unchanged. Currently the rate is close to the historic low of last spring.

My Expectations Are:
The financial markets will be closed on Monday and the rest of the week is light on economic data. The reports with the most significant impact will be Wednesday’s Retail Sales report and Thursday’s Consumer Price Index. There are mixed reviews as to whether rates can hold the current low but according to Greg McBride, senior financial analyst for Bankrate.com “If a huge auction of government debt won't drive yields higher, they'll stay near record lows awhile longer. If corporate earnings beat expectations, that could be the catalyst for higher rates.”

As Your Trusted Advisor For Life, My Guidance For You Is:
We’re back to all time lows. If you missed out last spring, don’t hesitate now. This is the best time to get with your mortgage advisor and structure a loan to meet your clients financial needs.

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

Posted by Jeffrey S. Stanton, ITI, CLC, CRLS, CHCLS, WOW at 1:59 PM

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