It’s been roughly a decade since the housing collapse in the United States, and if you haven’t checked as of late the homes and buildings are going up in your neighborhood like a 2007 party. Part of the main reason for the boom over the past decade was the loosening of the monetary policy keeping long term borrowing rates next to nothing. Those of you who locked in 30-year mortgages between 3% and 4% should thank your lucky stars because we may not see those rates again for another 20 years or more. Now that the United States has hit record low unemployment and corporations across America are making record profits, the Fed is now beginning to tighten the monetary policy. Mortgage rates were between 4.5% and 4.6% for a 30 year mortgage during the week of February 25th, 2018 (source: bankrate.com) So, what four smart money moves can you make as the Fed tightens up the money supply? Cut ...Read More →
Mar 3, 2018 Posted Gen X & Y Financial Advice @tedjenkin, Adjustable Rate Mortgages, consider locking into a long-term mortgage, Cut the ARM off, financial advice to the X and Y Generation, Four Moves To Make Before Interest Rates Go Up, housing collapse, Interest Rates going up, Lines Of Credit, Mortgage Rates, oXYGen Financial, renew a line of credit, Smart Money Moves, super low interest rates, Ted Jenkin, What type of credit card do you have?