Tucson AZ Home Loan Info

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1/27/2010: Quick Mortgage Market Overview

 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

 

 

 

 

 

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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.

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content copyright Mike in Tucson

Comment balloon 8 commentsMike Jones • January 27 2010 06:24AM

Comments

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.

Posted by Bill Gassett, Metrowest Massachusetts Real Estate (RE/MAX Executive Realty) almost 11 years ago

Bill,

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

Mike in Tucson

Posted by Mike Jones, Mike Jones NMLS 223495 (SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) ) almost 11 years ago

I also do not think rates will be raised that much in 2010. The market will be hurt significantly if rates climbed too high

Posted by Eric J, Dream Home Financing (Eric J - Dream Home Financing) almost 11 years ago

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

 Well said!

Posted by 1~Judi Barrett, BS Ed, Integrity Real Estate Services -IDABEL OK (Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745) almost 11 years ago

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

Posted by Mike Jones, Mike Jones NMLS 223495 (SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) ) almost 11 years ago

Wow, when have things not been "volatile!"  Consumer confidence is a very short-term indicator of anything though.

Posted by Jay Markanich, Home Inspector - servicing all Northern Virginia (Jay Markanich Real Estate Inspections, LLC) almost 11 years ago

We will all be watching today so much of the recovery is Housing related it is a big risk.

Posted by Terry & Bonnie Westbrook, Westbrook Realty - Grand Rapids Forest Hills MI Re (Westbrook Realty Broker-Owner) almost 11 years ago

Terry & Bonnie,

The results could have been worse.

Jay,

I'm waiting to see what the weekend brings.

Mike in Tucson

Posted by Mike Jones, Mike Jones NMLS 223495 (SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) ) over 10 years ago

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