This weeks economic calendar is a light as last weeks was heavy, with hardly any data coming out. Tuesday, Wednesday and Thursday's treasury auctions will be heavily watched, as will geopolitical events and any Fed Speak - which there is on Tuesday and Wednesday. Take note of the price of oil, it's approaching $60 a barrel, and much of our economic growth last quarter was attributed to lower energy prices. Bond prices are higher on what is a slow news day. Locally, the job market looks hot and the macro-economy is on fire. It's her, us, the little guys, who don't really feel the effects of money pouring in. Watch interest rates go through the roof if a new higher national minimum wage is put into effect. As the overall government make-up becomes more Democrat influenced, rates will really start skyrocket into double digits. History repeats itself. Now would be the time to secure your ARM financing or "fix" any loans that might have an adjustable component. The clock is ticking. Make the call: Pat Townsley, Mortgage Broker. 415-485-1776. http://www.ExcellenceInRealEstateFinancing.com
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