We hope everyone have a safe and fun filled Halloween this year. With five children we always have a big event with halloween and it's a great time. This year was no exception.
We are tracking rate improvements this morning thankfully. Last month ended pretty brutally with mortgage interest rates on the rise even in the face of huge stock market volatility and a Fed Fund rate that saw itself cut down to 1%!
The rest of this year looks to promise even more volatility and surprises. We expect interest rates to continue to their roller coaster ride in the 5.5% to 6.5% range through the end of the year. Consumer sentiment is down, jobs are down, we expect to see the bleakest holiday shoppping season in recent history, and it's still tougher than a wrestling a greased pig to get qualified for a loan. On top of that we get to pick our next President tomorrow.
We hope you stay tuned as we keep you up to date with the inner workings with simple explanations of this historic financial and political environment we are living in. Don't forget to vote on the poll of the week and also leave a comment if you wish to be interviewed!