"In recent weeks, Obama has begun to use words like "booming" to describe the economy, and to cite "record" growth in various areas. It's a rhetorical shift driven by a political calculus in an election year—and a presidential timing calculus: Obama knows he has more of his presidency in the rear view mirror than ahead. And with GDP expanding at a robust 4 percent annual rate as of last week, his aides are confident that the strong numbers will continue, making it less of a risk to tout success now. " Here.
Today I was able to find a mortgage at 3.87%. Not easily. But you could fairly easily find one at 3.97% or 4.03%. It's the first time in a long time I've seen them down around the 3.87 range. At least it will help spark some refi activity. However - there is no way the economy is growing at 4%, and the interest rates keep falling like that. It defies logic. Better economic activity causes interest rates to rise - not fall.
Monday, August 04, 2014
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