Monday Interest Rate Update

Guest Post By David Larock

Happy New Year indeed.

Markets are up, bond yields are rising and there is renewed optimism about the green shoots of economic recovery in the air. (Yes Virginia, there is a Santa Claus.)

The U.S. government swerved at the last minute to avoid the dreaded fiscal cliff, the latest U.S. and Canadian employment data were once again solid and we haven’t heard much out of Europe lately. Right? Well, before I start passing around the “This Time It’s Real Recovery Kool-Aid” and warning about higher mortgage rates, let’s first look back at some recent history.

Each of the last several years has begun with a wave of optimism that in retrospect has been based largely on the hope that the global economic situation was no longer deteriorating, with some decent data sprinkled on top for good measure. It’s as if our collective consciousness now wakes up each  January and temporarily convinces many of us that everything will soon be back to normal, only to have reality slowly reassert itself as the weeks roll by.

Are we really standing on the precipice of a legitimate economic rebound or is all of this hoopla just another round of what has now become an annual rite of winter?

Read more including Dave’s bottom line on his website … 

David Larock is an independent full-time mortgage planner and industry insider. Visit his blog for many more interesting articles and some great mortgage advice. 

 


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About Marg

is an award-winning real estate Broker who has successfully been helping people move since 1989. When it’s time for a move in or out of a bigger, smaller, better, more expensive, less expensive, newer, older, house, condo, farm, investment property, vacant lot or business, talk to Marg.

This entry was posted by Marg on Monday, January 7th, 2013 at 5:59 pm and is filed under Money Matters. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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