Topic: OPEN FORUM - ASK ME ANYTHING
As the 1st month of the second half of the year comes to a close, I want to have an open conversation on many different topics.
Why 2019 is so much better than 2018.
Success stories of 2019 to date.
How to make the very most out of the 2nd half of 2019.
Why you are, or are not in the Top 10.
What’s new for Geneva Financial.
A discussion on the market, marketing, sales, maybe a bit of motivation, and any other topic you wish to speak about. Unless you are exactly where you want to be, I would attend this webinar.
Time: Thursday, Aug 1, 2019 10:00 AM PST / 10:00 AM AZ TIME / 12:00 PM CST / 1:00 PM EST
Join Zoom Meeting
One tap mobile
Dial by your location
+1 720 707 2699 US
Meeting ID: 328 396 119
Find your local number: https://zoom.us/u/adz6PFlwyh
FEDERAL RESERVE MEETING:
The Federal Reserve is scheduled to meet on the 30th of July. It is widely anticipated that the Fed will lower the Fed Funds Rate by 25 BPS; because the economy is showing signs of weakness. Remember, this directly impacts “short” term interest rates, and in not directly connected to “long” term rates (i.e. fixed rate mortgages). This anticipated move is likely already built into the market. Based on the commentary of the Fed, long term rates (i.e. mortgage back securities) could react positively, or negatively. That is the unknown. A drop in short term rates could cause an immediate increase in long term rates. They do not always move in tandem. Make sure your borrowers are aware of this. Floating into the Fed meeting believing that long term rates are going to go down (which they may) is a gamble.
I believe interest rates will continue to fall through 2019 due to a weakening economy. Anticipate sharp rate spikes upward as we slowly trend downward.
CEO | Geneva Financial, LLC.