Daily Quote: Discipline is the bridge between goals and achievement. - Jim Rohn
(Note: If you don’t know Jim Rohn’s teachings you’re probably not the best version of your professional self.)
The Fed Giveth and the Fed Taketh Away…
The Fed raised rates yesterday and reiterated their desire to increase the Fed Funds target an additional two times this year if economic activity continues at its current pace. I know…old news and something you’re already aware of. But what you might not be aware of, and what’s critically important to interest rates from now until the Fed’s next meeting in June, are the following 4 items and please pay close attention to #4:
So What Does This Mean For Mortgage Participants?
We wait until we get closer to the June FOMC meeting and keep our eyes on items which we know the Fed is looking for. Inflation, growth, global concerns and legislation which can change the Fed’s “Dot Plot” and therefore effect monetary policy. I promise you that if you all focus on originations and providing exceptional service to your internal and external customers I’ll do the more tedious work of making sure we’re ready for any eventual change in the operating environment. Deal?