Well, it didn’t come as a suprise to wall street but the new fed chairman raised the fed funds rate again yesterday.  We know this hurts short-term but hopefully this inflation fighting stance will help keep long-term rates relatively low.  Only time will tell what type of impact continued rate increases will have on the housing market.  For now housing markets continue to hold their own, although new home sales were off significantly. 

How does this impact you the individual investor?  For now, it will not have much of an impact.  Most hard money lenders will keep their rates the same or raise them slightly.  Onward Financial will continue to provide hard money financing at market competitive rates.  We believe in our customers and want to see their continued success. 

This entry was posted on Wednesday, March 29th, 2006 at 10:00 am and is filed under Hard Money. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.