Interest Rates: Make Hay While The Sun Shines!
Here is Mike Jones in Tucson highlighting some critical points our interest rate/bond markets are facing. I'm out there making hay right with you, Mike!
Pretty, isn't it? It won't last.
The same is true with the extraordinarily low interest rates available right now.
They won't last.
Don't be a spectator. Jump in and get that low-interest-rate nectar while the getting's good.
Real world conditions
- The US has more than $8 trillion in Treasuries outstanding. That's nearly double the amount just three years ago.
- China, who holds much of our debt, is experiencing a real estate bubble, with values up nearly 12% from a year ago. It's economic expansion is slowing, though, and that's going to be a problem.
- Europe hasn't figured out how it's going to solve the sovereign debt problems of members Greece, Portugal & Spain.
The risk of hyper-inflation has not gone away, and no one in the press (other than talk-radio stations) is taking Congress or our present Administration to task for fiscal irresponsibility.
I'm just sayin...
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(It's free ~ on me. Thanks for reading my blog.)I'm Mike in Tucson, your preferred Tucson Mortgage Lender.
NMLS #223495
SUNSTREET MORTGAGE llc ~ Correspondent Mortgage Bank
Offices (AZ) Mesa, Tucson, Nogales, and Albuquerque, NM.Reach me any time on my Blackberry
520.349.9090
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