Another weird week in the global markets. Whew I’m not going to comment on that since I don’t have any real answers to the many questions. On the other hand, may be shaping up to be a very good time to invest in real estate. Rents continue to be high for detached single family homes […]Continue Reading →
This chart shows the change in weekly interest rates from January of 2008 forward based on the Freddie Mac Primary Mortgage Market Survey of approximately 125 lenders. Freddie Mac’s survey is viewed as the best indicator of interest rate trends.
· Interest Rates down to 4.71% from 4.78% last week.
· Refinance […]Continue Reading →
We’re being told that the Federal Reserve (and it’s infinite wisdom) is confident in the economy and is going to end a $600 billion program to support it. The next move might be to figure out how to stem the tide of inflation.
The Fed has been buying governement bonds to help keep interest rates […]Continue Reading →
Interest rates are going up. This could be temporary, but it probably isn’t. Be prepared for interest rates to rise quickly, then level off and even get a little better. Each bump will probably leave us with a little higher interest rate.Continue Reading →