Ar_home_b_search
 

 Interest rates:  Up, Down, or Flat?  I'm betting on flat, but that could change with market volatility.

Consumer Confidence numbers out yesterday were a little more optimistic than expected, and the stock market liked that.  It doesn't mean we're out of the woods by any measure ~ just that sentiment in the country is a little less dour than the experts thought it might be.  There's a fine line between cynicism and optimism.

This morning on Bloomberg:  Fed May Take Chance End to Debt Purchases Won’t Hurt Housing. Fat chance!  Bernanke's in a tight spot, caught between the perceived need for a loose monetary policy and the very real spectre of inflation.

The Fed's going to roll the dice at 2:15 EST today. Get a seat around the table and order a drink.  They're gambling with our livelihood.

 

Signature Mike in Tucson

 

 

 

 

 

___________________

I'm Mike in Tucson, your preferred Tucson Mortgage lender.

NMLS #223495
Mike Jones (Tucson Mortgage Company, LLC): Loan Officer in Tucson, Pima County, Arizona
SUNSTREET MORTGAGE llc
Offices in Scottsdale, Tucson, and Nogales, AZ, and Albuquerque, NM.

Call me on my Blackberry  (520) 349-9090

content copyright Mike in Tucson

 
Post is included in group: LATE NIGHT - EARLY MORNING AT ACTIVERAIN
Post is included in group: Realtors®
Post is included in group: The Economics of Real Estate
Post is included in group: The Ninety-ninth Percentile
Post is included in group: True Mortgage Professionals

8 Comments on 1/27/2010: Quick Mortgage Market Overview

JAN
27
2010
781,245 Points 71 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Eventually the rates are going to head up at least a little bit. I bet we will be in the six range for a good part of the year.
6:28am • #1
688,676 Points 117 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Bill,

I believe you're right!  Thanks for being first to comment.

Mike in Tucson
6:30am • #2
132,114 Points 3 Featured Posts Attended Rain Camp

I also do not think rates will be raised that much in 2010. The market will be hurt significantly if rates climbed too high
6:39am • #3
1,399,518 Points 109 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

There's a fine line between cynicism and optimism.... They're gambling with our livelihood.

 Well said!
6:40am • #4
688,676 Points 117 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Judi,

Thanks for stopping by to comment.

Eric,

Good morning!  As they say, "From your mouth to God's ears."  Much success today!

Mike in Tucson
6:44am • #5
612,797 Points 163 Featured Posts Attended Rain Camp Called Shot Master

Wow, when have things not been "volatile!"  Consumer confidence is a very short-term indicator of anything though.
7:26am • #6
548,032 Points 1 Featured Post Localism Sponsor Outside Blog Attended Rain Camp

We will all be watching today so much of the recovery is Housing related it is a big risk.
12:39pm • #7
JAN
29
2010
688,676 Points 117 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Terry & Bonnie,

The results could have been worse.

Jay,

I'm waiting to see what the weekend brings.

Mike in Tucson
3:22am • #8

What does the graphic say?

Leave a response…

(optional)
What does the graphic say?
 
Mj_logo Ambassador_large

Mike Jones

Tucson, AZ

More about me…

SUNSTREET MORTGAGE, LLC

Address: 2840 E Skyline Dr, Suite #230, Tucson, AZ, 85718

Office Phone: (520) 344-6943

Cell Phone: (520) 349-9090

Email Me

kvoa.com

free web stats



Listings

Links

Archives

RSS 2.0 Feed for this blog

Find AZ real estate agents and Tucson real estate on ActiveRain.