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 “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.

No comments:

Legal Stuff

CNE is a registered tradmark of Negotiation Expertise,LLC Your Professional Development and the information contained in/om , www, is the sole property of Jeffrey Stanton. the information contained is opinion only and should not me taken as legal or profesional advice. This website may not be duplicated whole or in part with out written permission.
This Site is not affilated with any othe web site and my contain links to outside web sites and is not responsible for other web sites content.

Certain statements contained on this blog may be deemed to be forward-looking statements within the meaning of the federal securities laws. The words “anticipate,” “believe,” “estimate,” “expect,” “project,” “plan,” “forecast,” “intend,” “goal,” “target,” and similar expressions identify forward-looking statements that are inherently subject to risks and uncertainties, many of which cannot be predicted or quantified. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including, the effect of economic and market conditions including industry volumes and margins; the level and volatility of interst rates; the Company’s hedging strategies, hedge effectiveness and asset and liability management; the accuracy of subjective estimates used in determining the fair value of financial assets ; the credit risks with respect to our loans and other financial assets; the actions undertaken by both current and potential new competitors; the availability of funds from lenders and from loan sales and securitizations to fund mortgage loan originations and portfolio investmetns; the execution of growth plans and ability to gain market share in a significant market transition; the impact of disruptions triggered by natural disasters; the impact of current, pending or future legislation, regulations or litigation. The statements here are not offeres to extend credit as defined by Regulation Z. Rates, Programs, & Availability of Credit is subject to change

Jeffrey S Stanton
DRE ID # 01865119