Weekly Market Forecast
Posted by remerica on February 25, 2008
Week of: Monday, February 11, 2008
Present Market Conditions
Freddie Macs chief economist Frank Nothaft stated that Long-term mortgage rates were little changed last week, largely in sync with the movements in the Treasury bond yields during the same time. Stocks ended mixed last week due to the Feds stimulus plan approval and positive corporate news failed to resuscitate buyers. Investors just cant seem to shake off recession fears. U.S. stock futures made modest gains to start the week as investors weighed speculation about a number of major corporate deals.
Expectations
Amid much uncertainty and volatility in the financial markets, market players, economists and analysts will look to the data in the coming weeks for a handle on the economic outlook and monetary policy. Retail sales data in the week ahead stands out among the reports as most critical because two-thirds of all economic activity is based on consumer spending. This fact will keep investors waiting for the Retail sales and Consumer Sentiment reports due out later this week.
Guidance
Now is the time for consumers to take advantage of the currently low rates. Contact Georgie so she can structure you mortgage to meet your financial goals.
Traverse Mortgage Corporation (231) 947-9700 (800) 968-3680
