MORTGAGE BLOG!

Well since the fed lowered the bank lending rate last week .50%, we have seen mortgage interest rates go up. This is seemingly a contradiction to a cut in the lending rate but, global confidence in the US dollar has slid dramatically against other world currencies, in light of the rate cut.  This translates to fears of inflation, which translates to mortgage bond investor's wanting a higher rate of return for their investments (due to inflation eating their profit), which translates to higher mortgage interest rates for you and I.

Sooooo....what are rates going to do? Well no one can predict that, especially at this point. BUT as for today the bond did well in response to the financial news about consumer confidence being down. This means the public will spend less in response to feeling insecure about their financial situations. This then puts investor's in a position to feel good about bond's because the fears of inflation are reduced.

For those of you who would like to stay up on mortgage financial news and interest rate news, click on the "Daily Rate Lock Advisory" button on our home page.

I am optimistic about the real estate market! Maybe because I have to be, but I believe the markets will correct themselves and we will see a healthy, steady and productive real estate and lending market make a comeback!!!

HAVE A GREAT WEEK! And remember to "subscribe" to our blog!

Welcome to the PINELLAS FINANCIAL OFFICIAL Blog site!!!!!

What a great day to launch the blog as the Feds cut key rates by HALF PERCENTAGE POINT! We all expected a reduction, but this was very aggressive. This will have an immediate effect on reducing mortgage interest rates and help to calm our real estate markets. This will poise us for moderate growth and recovery. Very Good news for everyone!

This inaugural entry into the PINELLAS FINANCIAL WEEKLY MORTGAGE BLOG is very exciting for all of us here at PINELLAS FINANCIAL. Please feel free to make comments, ask questions or just share your GOOD DAY with us!