After more than a year if getting fiscal policy completely wrong and just making up stories about the economy, it seems the FED members all want the microphone and to share their opinions on how they are going to “fix” the very problem they created! Every time one of them speaks, the bond market loses its mind and tries to figure out what they are saying, and this creates wild movement, all pushing rates higher. As we have been saying here for quite some time, if you like it, LOCK IT!
That said, it all goes back to PAYMENTS and how we can best help our clients maximize their borrowing power by helping them get into the best possible position to buy, even if rates and prices are going higher!
While we wait and see how the actions of the FED impact the markets, we must deal with their words by using strategies that will make the payments work. Until then, we can just hope that the FED can just shut up until they actually DO SOMETHING!
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