Nov 3, 2015
Once again, the FED blinked and did not raise interest rate last week. Of course, we called it here on Real Estate Realities. The next window for a possible increase will be in December - but I still think that won't happen either.
In todays show, I want to prepare you for a few things. First, what if I am wrong? Since 60% of economists say it will happen, lets talk about what the impact might be. Next, I want to talk a little about what actually tends to influence the lending rate - because the rate set by the FED is NOT the only factor and is arguably far less influential than some other info. So we will over that and try to figure out what is likely to happen with that number. Next, we will discuss the interesting dynamic of who is calling for an increase in interest rates and why their motivations have nothing to do with what is good for you or for the economy. The real story might just be more scary than Halloween was!