Monday, January 25, 2010

What Are Interest Rates Going To Do? Week of: 1/25/10

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 25, 2010

Presently Market Conditions Are:
Mortgage rates eased slightly for the third week in a row putting the 30 year fixed rate at 4.99% and .7% discount and the 15 year fixed rate at 4.40% and .6% discount. "Fixed mortgage rates followed bond yields lower for the third consecutive week, pushing 30-year mortgages below 5 percent once more," said Frank Nothaft, Freddie Mac vice president and chief economist. "Similarly, ARM rates eased along with shorter-term rates, as the federal funds futures market indicates no increase in the Federal Reserve's target rate following its upcoming committee meeting on January 26th and 27th.”

My Expectations Are:
A lot of economic is due out this week starting Monday with the Existing Home Sales report followed by Consumer Confidence on Tuesday and New Home Sales on Wednesday. Potential market movers could be on Wednesday with the Fed meeting and the State of the Union address Wednesday night. Durable Goods and Jobless Claims are out on Thursday and the GDP and Consumer Sentiment reports close out the week.

As Your Trusted Advisor For Life, My Guidance For You Is:
Rates continue to hold steady. Now is the time to consider a refinance of your existing home or purchase a home at affordable pricing and rates at near historic lows. Call your mortgage professional today to 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 9:18 AM

Labels:

No comments:

Post a Comment

Legal Stuff

CNE is a registered tradmark of Negotiation Expertise,LLC
JeffreysJournal.com. Your Professional Development and the information contained in/om http://www.jeffreysjournal.com/ , www,YourprofessionalDevelopment.com 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