Interest rate outlook

By
Real Estate Agent with Remax Estate Properties - BRE #01368971

The following are excerpts from the newsletter on interest rates published by HSH Associates :

The Fed certainly has a lot of shifting sand to ponder when it meets next week. In the current domestic and global economic climate, interest rates will have difficulty getting any kind of reliable upward traction. That said, the Fed has a bit of a difficult job when it comes to the message it releases Wednesday afternoon, as too optimistic an outlook risks confusing the market as to what and where they are seeing brightening skies, while too pessimistic an outlook would also roil markets, who would then start the drumbeat for the Fed to consider cutting interest rates sooner than later. Cautious optimism is about the best message they can convey, and we expect that's what we'll get.

There's not much new data out before the Fed meeting, so markets won't have much by way of additional clues to work with. With a soft fade for interest rates as the week came to a close, odds favor little change to mortgage rates in the coming days, but we might see a couple of basis point decline in the average offered rate for 30-year FRMs that Freddie Mac reports next Thursday 

 

 

 




close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Lending / Financial
Location:
California Los Angeles County Palos Verdes Estates
Groups:
Realtors®
RE/MAX Active Rain Bloggers
Mortgage Solutions
RE/MAX REAL ESTATE NETWORK
Luxury Home Agents

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
885,951

Maureen Megowan

Palos Verdes Real Estate Blog
Ask me a question
*
*
*
*
Spam prevention

Additional Information