“THE HEAT IS ON”
“THE HEAT IS ON.” Glenn Frey. While cooler temperatures are beginning to descend on many parts of the country, Bonds and home loan rates are feeling the heat and pressure from several fronts. Here are some details…along with why it’s important to act soon to take advantage of current home loan rates, as they may never be seen again. Last week, the Core Consumer Price Index (CPI) was reported higher than expected, indicating that inflationary forces may already be underway. Remember, inflation erodes the value of the fixed return that a Bond provides – therefore, inflation is harmful to Bonds and home loan rates. Just the hi

“LISTEN TO WHAT THE MAN SAID.”
“LISTEN TO WHAT THE MAN SAID.” And those aren’t just the words from Paul McCartney’s hit song of the same title…they’re also words of advice for anyone who’s considering buying a home or refinancing. Last week, Federal Reserve Chairman Ben Bernanke said that as the economy heals, the Fed will be very vigilant to protect against inflation. While inflation is not a problem at present…it will most certainly become a problem down the road. So why does this matter if you are considering purchasing or refinancing? Because inflation is the arch-enemy of Bonds and home loan rates, and just the knowledge of it coming has