Happy Friday Investors
A rather subdued day at the ‘Wall’. As I write this, stocks on the big board are up 15 ticks with the NAZ up 16. Bonds are up as well, about 6/32. Could have been worse, but the eco news came in pretty close to the consensus. So the job market is starting to slowly, but surely grind forward, which is welcome news for Big Ben at the FED. Next week is the Fed Open Market Committee meeting and more than likely in light of unemployment at it’s lowest level in 3 years at 8.3, and the slow steady growth over the past several months, and payrolls up slightly, it is unlikely that they will decide to launch any resemblance of QE III.
Greece averted total financial ruin, just barely, which of course is eco positive, through the help of private investors. However, how long this will last is anyone’s guess. But for now they are still a part of the European union.
The above will likely cause mortgage rates to creep up slightly, though I don’t see anything major happening yet. Speaking of mortgage rates, let’s get to the rate report, before people start their ‘Spring Break’ early today:
Leveraging 80% on a SFR Investment property will give you an interest rate of: 5.125%
Leveraging 75% on a 2-4 Investment property will give you an interest rate of: 4.875%
Have a safe, enjoyable weekend, and if you are taking a Spring Break, enjoy it so you can hit it hard when you get back!
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