The Great Unwind Begins

The Federal Reserve has announced that they will start to unload their massive $4.5 trillion balance sheet of bonds.  The Fed began buying bonds in 2009 to ease the mortgage crash.  What does this mean to the everyday consumer? Higher rates across the board. We will see rates go up from credit cards, to car loan, to home equity lines and of course mortgage rates.  Check out the article HERE.  Looking to buy or refinance? Now may be the time to do it as opposed to waiting until next year.  Call the Easterbrook Team at (916) 850-6050 or email us at easterbrookteam@spmc.com. 

Janis Joplin Market Advise

She may not look like your typical economist or bond trader, but her advice was as true in 1967 as it is in the last days of August of 2017 when Janis Joplin sang:

In this world, if you read the papers, darling
You know everybody's fighting ah with each other
You got no one you can count on babe...
...I'd say get it while you can, yeah.

Every cloud has a silver lining and the little cloud hovering over North Korea is no exception.  Over concerns of military escalation, there is a flight to safety with bonds.  The increased yield in bonds has given us the best pricing that we've seen in 2017.  This may be short-lived because every other economic indicator points to higher rates.  Get it while you can...

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