Tuesday Market Commentary: Rates Still Hovering Near Three Month Lows

by Alex Stenback on September 4, 2007

Rates_94
                                                        Graphic Courtesy MSNBC
Last Week:
Their were no real surprises in last weeks economic data releases, and mortgage rates basically held their ground, at around the lowest levels in three months, as a result.
This Week:
Friday’s employment report looms large on the calendar this week.  Despite a vocal minority, among which we’d count ourselves, arguing against a Fed cut (won’t really help the problem, and cheap money is on part what got us into the current credit mess) it seems likely the Fed will cut the Federal Funds Rate on Sept 18th – whether they do cut, and by how much, could in large part be driven be the employment report.
This Week’s Economic Calendar [barrons]

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