Federal Reserve Board "The Fed" leaves rates alone

Today's decision by the Fed to leave interest rates alone sends a mixed message. Regardless of if they had lowered or raised rates, Mortgage Rates would have gone up...that's just the way that the banks have been playing. With the Fed's job is to stop inflation. We're facing Inflation, big-time, so you basically have a brief reprieve before the Fed finally takes the foot off of the brake and on to the gas. It's a total double-edged sword. With such volatility in the economy and the world, the message from the Fed may be "Come On America, let's rally." This is your last stand to take advantage of today's mortgage rates, because when the Fed does address the inflation, it will be aggressive, head-spinningly fast. Don't delay. Take action. Pat Townsley, Mortgage Broker. 415-485-1776. http://www.ptre.net/

Oil, Inflation, Economic and Physical Lubrication

Texas tea, Black gold, Our nemesis: Crude Oil. We'll be up to a $150 a barrel by mid July, as irony, it will probably hit that right around Independence Day. We'll have to rename it "Dependence Day." The higher the cost of oil, the higher the cost of fuels. If it's personal vehicle, you'll be cutting back on your trips for the summer and trips to the store. If you're in the transportation business, you're going to pass it on right to the end user: The consumer. Groceries, materials, and even transporting fuel...all getting more expensive. Disposable income: Gone. Less mobility in physical movement.
Next, we have Inflation beating down on our door. The Fed WILL have to step on the accelerator and raise rates to slow inflation. Higher rates on everything: Gone. Less liquidity equals less mobility in the financial markets. Higher Credit Card payments, higher mortgage rates; In fact, skyrocketing interest rates ahead. Less ability to buy homes, further stalling the economy. WHERE IS THE SILVER LINING? It's right here, right now. This is the time to lock it in! Get the best interest rate now! You're preparing to Duck-and-Cover the inevitable really hard times ahead in the US. Take on a second job, pad yourself, get some cash flow save up. For the best mortgage rate and service: Get it now with Pat Townsley, Your Mortgage Broker. 415-485-1776. http://www.ptre.net/