Mortgage Rates May Climb

Mortgage and Lending with Southwest Funding

While the "adverse effects" the Fed expressed concern about may ultimately show themselves, the collective economic picture has been fair to even pretty good, overall. Even with recent revisions suggesting that hiring remains soft, there has been no outright decline in hiring, and reasonably full employment levels should help the economy to continue to move forward. New claims for unemployment benefits eased back during the week of October 6, falling by 12,000 to land at 308,000 and those claim numbers continue to travel in a narrow band from about 300,000 to about 330,000. However, Slowly rising "continuing claims" numbers do point to an increase in difficulty in finding a new job for some folks.

DFW Loan Officer 

Jeff Schraeder

Imperial Mortgage


Comments (5)

Cyndy Sujarit
Prudential California Realty - Chino Hills, CA
Great post, I look forward to reading more.
Oct 18, 2007 06:32 AM
Brian Schulman
Coldwell Banker Residential Brokerage, Lancaster PA - Lancaster, PA
Lancaster County PA RealEstate Expert 717-951-5552
Jeff, with an election year coming up, there is going to be pressure from the White House not to raise rates much, if at all.  They want a strong economy going into 2008.  I'd be surprised if rates don't stay fairly stable, barring some outside factor.
Oct 18, 2007 06:32 AM
Martinelli Caputi
Martinelli Caputi & Associates, Ltd. - Warwick, RI
& Associates, Ltd.
Thanks for the quick analysis Jeff!
Oct 18, 2007 06:35 AM
» Bill Burress Nationwide Mortgage Originator
» Bill Burress Nationwide Mortgage Originator - Fort Myers, FL


Just out today.  There is a 70% chance Fed will lower rates at the next meeting.

Oct 18, 2007 06:35 AM
Find a Notary Public needAnotary
QEC Internet Services - Long Beach, CA

Equities seem to be showing an upward spiral and bonds are hurting a little.  Tomorrow should be an interesting day in the market.  Black Monday was on October 19, 1987 the same day as my daughter's birthday!

Watching equities and oil prices over the next week to ten days may provide some guidance as to the market direction for the remainder of the year.  I haven't sensed public panic so there shouldn't be too many bumps along the road. We’re also fast approaching the holiday season and the last thing retailer want to hear is FEAR as that will lead to disappointing sales figures.
Oct 18, 2007 06:39 AM