There are a few themes going on around me right now. Is it just me or does everything seem a little 'CHOPPY'! This seems to apply to the weather, the stock market, jobs, interest rates...and definitely GAS prices. So I wanted to start a dialogue to help us understand why. There is no point in me writing (or talking) much I want to post a few videos that may help explain why.
First up is Interest Rates. These rates help determine what our mortgage rates will be. The Federal Reserve can manipulate interest rates to help speed or slow down our economy when it needs to...think like a treadmill. They have hinted they may be doing less tinkering with the economy and that is making rates move higher. Oddly enough, this may be great for homeowners as buyers may race to get in on this historically low rates BEFORE its too late.
Check this video out:
