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.
___________________
I'm Mike in Tucson, your preferred Tucson Mortgage lender.
NMLS #223495
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
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.
Bill,
I believe you're right! Thanks for being first to comment.
Mike in Tucson
I also do not think rates will be raised that much in 2010. The market will be hurt significantly if rates climbed too high
There's a fine line between cynicism and optimism.... They're gambling with our livelihood.
Well said!
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
Wow, when have things not been "volatile!" Consumer confidence is a very short-term indicator of anything though.
We will all be watching today so much of the recovery is Housing related it is a big risk.
Terry & Bonnie,
The results could have been worse.
Jay,
I'm waiting to see what the weekend brings.
Mike in Tucson