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Interest rate forecast this week
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July 19, 2005 LOS ANGELES -- Last week we saw
interest rates finish slightly higher
than the previous period. This week, Washington's economic calendar of events is
thin, which could force rates back down a bit.
On Thursday the Federal Reserve will release minutes from the previous
meeting. This meeting could be volatile or quiet as a lamb, just depending.
Expectations are that the Fed's statement will remain unchanged for the most
part. Combine this with the fact that the market is teetering on the 100 day
moving average support floor and you may expect
home loan interest rates to ,
elevate in the first part of the week, then rebound to finish at the same level,
perhaps even more appealing.
Be cognitive of the fact that the Federal Reserve may hint in their statement
that they may be slowing their pace in the campaign set-forth last summer to
increase rates gradually in order to balance the economy through 2005. If this
happens we can expect the stock market to surge. When and if the stock exchange
sees this surge, bond market pricing will certainly drop, henceforth
interest
rates will climb next week. - Article by Stockton Marquette for CMR Home Loans.
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