Well, FINALLY we have seen some easing of rates. Why? For starters, there is much global unrest at the announcement of Iran launching those missles. Is it hoopla or show? No one knows. Oil is over $140/barrel and climbing, Indy Mac Bank (one of the top 5 Jumbo and Alt A Lenders ) closed its doors this week, and Freddie Mac’s stock dropped to $6 from $10 this week. There is uncertainty and unrest on the horizon…..and the bond market loves that! It means that investors are nervous about keeping their investments in the volatile stock market, and seek the safe haven of bonds. As the demand for bonds increases, the price increases, and the yield (rate) decreases. Lets just enjoy this while we can. After almost 3 straight weeks of an increasing market, I am ready for these lower rates!
Some quotes that inspired me this week: ‘Give yourself permission to succeed’ – Stephen Davis, Lifestyles Unlimited, Inc.‘Always give without remembering, and always receive without forgetting’ –Brian Tracy‘Integrity is the most valuable and respected quality of leadership. Always keep your word’ – Brian Tracy
No comments:
Post a Comment