The Equity markets will have a roller coaster of a day, boy doesn't that sound familiar. Our own economic issues aside, we are a global economy, and choices being made in the European Union, China, Japan, etc...have effects that are wide reaching. The referendum vote that PM of Greece had wanted may or may not happen. If the Greek people vote down the plan or vote to remove themselves from the EU, The EU will not give any assistance, "not one penny," to help Greece in the coming months of economic uncertainty. Who will? Will anyone? Is someone going to finally say, you made your bed, now lie in it? Only time will tell on this front.
But what does that make for the Wall Street investor, or the main street investor, or the first time home buyer trying to figure out what is best for their future with the mortgage they are choosing. Here is my advise, at least to the soon to be home owner. Rates are terrific now. Instead of waiting a day, week or month or two, take advantage of what the market is currently handing to you. The purchase transaction will be a lot less stressful, if you lock in your rate and know that it is a terrific rate, a rate that wasn't available 1 year ago, 5 years ago...ever.
Just like today, tomorrow will be volatile and another/different roller coaster. Take control and step off the coaster!
No comments:
Post a Comment