Monday, November 14, 2011

Global Economy, and Understatement

It is an understatement to say that we are a global economy any more. When worries in one part of the world can send the rest of the world's economies realing. Europe is facing their worst economic times since WWII. This statement in and of itself shakes the foundation of all economies. The stock and bond markets are playing on the teeter totter today, and it appears with all of the unrest in the world, they will keep playing.
The Federal government is still purchasing MBS, but the effect has been tempered by the volatility of the global markets. Does this mean that you shouldn't move forward with your purchase or refinance, or does it mean you should hurry up...it means neither, it just shows that we are in an interest rate market that has never been seen before, and if you are ready jump in, the market is what it is.

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