Phoenix AZ Real Estate

The Federal Reserve has decided to leave a key interest rate unchanged, bringing an end to a string of consecutive rate cuts aimed at keeping the country out of a deep recession. This is a big turning point. Will the fed raise rates to help ease inflation. Inflation being outrageous Gas prices, and with June`s floods in the Midwest, food prices that will continue to soar.

In my Opinion the fed is unable to ignore the inflation, no longer signs of inflation, but INFLATION. I am telling you this now, we will see a rate hike by the end of the year, Yes in an election year. They will be calling Ben the Fed chairman that stole Christmas.

 Now I have spent 20 years watching the Fed. Seeing them now needing to lower rates to spark Save the housing industry, they can`t. It is the cost of diesel that has their focus now.  Inflation is almost as bad of a word as recession, in the feds eyes. For them not to lower rates they risk a greater chance of a stronger recession. Yes we are in a recession.

 Hmm what to do?  it seems we need Food, and energy, be it electricity or gas, and of course Shelter. Where`s Alan Greenspan when you need him.

 So rates are going higher,  talk with your loan officer, and lock in today's rates. Any 30 year under 6% is going to be golden in four months. If you are selling a house take into consideration that sooner than later it will cost the buyer more to buy.

Yes, I wish I was wrong.