It’s an election year and the Fed would love to
deliver on their promise to raise interest rates even higher. A lot of folks would
stand to gain with a rising dollar (banks, corporate investors, and life
insurance companies), but some folks are going to get hit hard by the Fed’s
move to raise rates (the Euro, gold, and oil).
This is a good article that explains the delicate balance the Fed has to
strike to grow our economy (CLICK
HERE).
Some are very critical of the Fed, saying that
they are retreating from their monetary policies – that they are freaking out
right now because the markets aren’t reacting the way they want – unemployment
has not improved, oil prices are very low, and European and Asian markets are weak
(CLICK
HERE). In
fact Japan shocked the world when they lowered their cost of funds rate to a
negative number - .1%. That means that
they’re lending money to banks at a loss to stimulate their economy –
OUCH! (CLICK
HERE).
But HERE in the good ol’ USA, things aren’t that
bad on the housing front. We have more
demand than supply and rates should stay low through Spring and some predict
longer (CLICK HERE)
– YOU’RE A WINNER!!! (if you are connected to real estate in any way).
Check out OUR rates, we’ve got some of
the best in town!
Based in Folsom, California, Sierra Pacific Mortgage has 112
offices nationwide. The Easterbrook Team
at Sierra Pacific is associated with the #1 office in the nation for SPMC for
2015. We want to thank you so much
for the support. Come by and visit our
office at 806 Bidwell Street in Folsom.
Keep the loans coming and we’ll keep closing them at lightning speed
with a positive, smooth, and transparent experience. Call us at (916) 850-6050.
