Monday, January 04, 2010

What Are Interest Rates Going To Do? Week of: Monday, January 04, 2010

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, January 04, 2010

Presently Market Conditions Are:
“Long-term mortgage rates rose for the fourth week in a row but still remain low by historical standards” stated Frank Nothaft, chief economist for Freddie Mac. He continued by saying “As the last survey of 2009, this marks a time to look back over the last decade. Based on today's median loan amount of $138,000, monthly principal and interest payments for a 30-year fixed-rate mortgage are close to one-third less than a decade ago when rates peaked at 8.6 percent in May 2000. This translates into almost 50 percent less in interest payments over the full 30-year term.”

My Expectations Are:
Friday’s Employment report will highlight a fairly busy economic week. Other reports investors will be keeping a keen eye on are the ISM manufacturing index, which will be released on Monday; Pending Home Sales will come out on Tuesday; ISM Services and the minutes from the December 16 Fed meeting will be released on Wednesday; and finally, Construction Spending, Factory Orders and the Treasury announcement of the size of upcoming auctions on Thursday.

As Your Trusted Advisor For Life, My Guidance For You Is:
With rates hovering at historical lows and housing prices remaining extremely affordable, now is the best time to meet with a mortgage professional to discuss a mortgage solution to meet your clients financial goals.

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