Happy Friday Investors. I apologize for getting this out late, but wanted to give you some quick bits to chew on before you all rush out for happy hour. Not a whole lot happening eco-wise today, except for the Commerce Department released the numbers for the consumer price index for the month of November. You may say so what, but the overall rate of inflation remained unchanged, coupled with interest rates that are still creeping down slowly but surely. That’s all for today’s eco news.
Let’s take a preview of what is coming next week.
Uncle Sam will be looking to borrow 99 billion in 2,5, and 7 year notes on Monday through Wednesday. Look for solid foreign participation to gently push rates down a little further, however, ‘skinny’ participation could cause the opposite effect. (Let’s hope for the former). Wednesday will reveal the existing home sales figures, with Thursday presenting the final estimates for 3rd quarter GDP (Gross Domestic Product). Friday will be mostly a non-factor as the Wall will shot down at 2 Eastern to begin the Christmas Exodus through the 26th of December.
On to the rates:
Currently, SFR can be purchased with 20% down and carry a 30-year fixed rate of 4.875# Duplexes up to 4 Units can be purchased with 25% down and carry a 30-year fixed rate of 4.75% Good luck to everyone trying to finish up their Holiday Shopping this weekend, don’t forget to take a minute to smell the roses, and get ready for the final push next week before the Holiday Break. Don’t forget to give the BawldGuy and I a fix, our numbers are below.
Chad — Office Direct: (210) 483-4962 Mobile: (210) 557-6320
BawldGuy — 619 889-7100