I wrote the article below 2 weeks ago and did not send it out until I had proof of my prediction: I mentioned that money (loans) needs to become more affordable. This week the Fed lowered the rates from a range of ZERO to .250%.
Basically their only option to help fix the economic status is to make money more affordable through lending.
Immediately after the big news, mortgage brokers nationwide began to get a surge of loan applications for refinances.
Make sure you at least prepare yourself for the possibility of tieing your biggest debt (mortgage) to a historical low interest rate.
Please feel free to comment or call me if you have any questions or concerns.
Rick
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment