The Aftermath

Any effect on Markets in the Aftermath?

The Aftermath of the assassination attempt on Former President Trump, as expected, has caused a plethora of emotions affecting both public and business responses.  Before we go any further, just so you know, the Mitchell Mortgage response is, let’s all please lower the temperature on “did not, did too” rhetoric, and deal strictly with the facts moving forward.  We believe, to some extent, that has already happened, so fingers crossed…let’s hope that becomes ‘the norm”!  Ok, back to the business side – interest rates have slightly moved down in the last few days.  Federal Reserve Chairman, Jerome Powell, has hinted that interest rates may indeed see some relief before year end.  We have been expecting this, but as we have said many times, we thought it would have happened by now!  Some on Wall Street see as many as two rate drops before the end of the year…others are skeptical.  We are in the first camp!  To wrap this up, The Aftermath finds little change in overall market conditions.  Stay tuned as the number of days get shorter until the election.  For daily updates, give Michael Mitchell a call at 530-406-2200, 707-259-1117 or the mobile at 707-337-5970!  Remember that Mitchell Mortgage covers “Reverse” mortgages, as well as conforming conventional, non-conforming, FHA, VA, hard money and more! 

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