September 28th, 2018 5:33 PM by Gene Tidgewell
The Federal Reserve went ahead and raised the Fed Funds rate 0.25 %. The 10 year bond had risen to 3.11 % before the increase. Since the increase was expected we saw a drop to 3.048 % immediately after the announcement. It is at 3.057 % as of this writing.
We may see some rate improvement next week. The Italian economy is in some trouble and their stock market took a big hit today.
If you are over 62 did you know you can purchase a home using a Reverse Mortgage? Give us a call if you have any questions.
There are some great football games this weekend. Notre Dame takes on Stanford in a top ten match up and Boise State travels to Wyoming.
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