Mortgage Rates In the Week of 3/24/208

There isn’t much I can offer as to expectations of the movement in the interest rate market this week. There are no major ques to watch for the opening of the market today or tomorrow. Keeping your eye out for any major media scares or reports on headlines could have a light affect, but not much…no economic reports are expected to show soon.
There’s a term or phrase that I have used in the recent year or more to describe our publics’ perception on the economy, that’s a pseudo confidence. Is it possible that our economy remains stable and hasn’t spun out of control, relatively speaking as if it hasn’t in the more pesimistics mans eye, by a placebo affect? Think positive and you get positive gains. American’s are positive in their expectations from month to month and quarter to quarter for the next reports on the economy, even though there is really no major reason. The outcome of that is that investors are not shifting money as cautiously as they would if they were more skeptical. So, the end effect means we don’t report in headlines the realistic falls of the market until they are right up on us. Economic experts are starting to be a little more realistic and just as they have underestimated the time in which it would take for the subprime fall and all to last, maybe they’ll be gun shy and we’ll see a positive turn sooner than their less confident reports bring us in the coming year. As the now more realistic views coupled with the continued less than positive economics reports roll in, this should continue to at worse, hold rates low and hopefully drop them in weeks to come.