Up, Down, Up, Down Interest Rate- So. Cal.

 

Here are some key interest rate change indicators for your information. 

For current listing or current solds in your area – we invite to visit our website at

www.WeSpeakRealEstate.com. 

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Things that may raise interest rates.

 

Consumer Price Index Rises

Indicates rising inflation.

 

Durable Goods Orders Rise

Pickup in business activity usually leads to increased credit demand.

 

Housing Starts Rise

Shows growth in economy and increased credit demand. Fed tightens money supply by

raising rates.

 

Leading Indicators Up

Signals strength in the economy leading to greater credit demand.

 

Personal Income Rises

The higher one’s income, the more consumed, prompting higher prices of debt securities.

 

Producer Price Index Rises

Indicates rising inflation. Demand for, and prices of, goods rises.

 

Retail Sales Fall

Indicates stronger economic growth. Fed may tighten money supply.

 

What will lower interest rates?

hat May Raise Interest Rates

Gross National Product Falls

Reflect a slowing national economy. Fed loosens money supply by lowering rates.

 

Industrial Production Falls

Indicates slowing economic growth. Fed loosens money supply by lowering rates.

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Inventories Up

Indicates a slowing economy since sales are not keeping up with production.

 

Oil Prices Fall

Reduces upward pressure on interest rates, thereby enhancing prices of debt securities.

 

Precious Metal Prices Fall

Reflects decreased inflation. Demand for inflation hedges falls.

 

Unemployment Rises

Indicates stronger economic growth. Fed may tighten money supply.

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No, No, No! Do Not Sell My Personal Information

Don’t sell my information.   Tired of unsolicited sales, pitches?  You can, “0pt Out” Having your credit checked is an important and necessary step in the home buying process.  It is also beneficial in helping to safeguard your credit rating and protecting against any inaccuracies which may be used against you in securing credit. However, those checking their credit should be aware of a potential downside.  Their inquiry with the credit bureaus Equifax, Trans Union, Experian and Innovis) could result in that information being sold by these credit bureaus to mortgage, insurance and other companies resulting in a flood of unsolicited fiancé offers, etc.   Mortgage companies are consistently ask by their clients why they are receiving unsolicited mailings.  This is the result in part, of their data being sold by the credit bureaus—Mortgage companies do not ever sell their client’s data to mailing houses or others. 

How does this happen?

 Under the Fair Credit Reporting Act (FCRA), the consumers credit reporting companies are permitted to include these names on lists used by creditors or insurers to make the unsolicited “firm offer of credit” or insurance . The benefits of this structure are that consumers can be provided with product choices, learn about offers that my not be available to the general public, or receive information so they can “comparison shop.”  What ends up frequently happening is a barrage of unsolicited mailings.    The good news is that the FCRA also provides the right to “Opt-Out” which prevents Consumer Credit Reporting Companies from providing your credit file information for firm offers of credit. 

What Can I do?

 The consumer credit reporting industries has provided a way to “Opt-Out” pm “firm offer of credit” and removes your name from these lists.  You can contact them by phone at 888  567-8688 or online at www.optoutprescreen.com  via this means consumers can opt out for either a 5 year period or permanently (requires a printed form submission which can be obtained from the web site).  Opting out will not impact a borrower’s ability to secure credit or insurance. By opting out, you can help to reduce the amount of unsolicited mailing you receive substantially.  If you are interest in protecting your privacy, “opt out” TODAY. 

An save some trees while you are at it.   “Keep it Green”