Weekend Rates

rates Fixed and Arms-page-001 (9)

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Interest rates are back down a bit again this week. Mario Draghi the president of the European Union made it clear that he would be keeping interest rates at current levels as inflation in Europe is close to zero. Many investors were anticipating some type of Quantitative Easing plan but where can you go from .05% rates from the government?

On the US front unemployment dropped below 300,000 to 297,000 jobless claims this week. This is a great number but the real challenge is there is no real growth in wages. Don’t anticipate a change in rates due to this report. With Europe in trouble, the FED will not be quick to increase rates.

Take a look at our 30 year fixed conforming rates now back under 4% at no points. Incredible!!!!

Some people are truly afraid of success. Don’t be. Success can be a stepping stone to helping others and most of the time is.   Albert Einstein said “Strive not to be a success, but rather to be of value”.

Have a blessed weekend and let us know if we can help in any way.

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