Wednesday, May 9, 2007
At least for now. A Market Watch article by Greg Robb. The Federal Reserve has been pretty consistent at keeping the rates low....their target goal remains 5.25%. I gather what was intriguing about this is that the concern for inflation has still not translated into a change in Federal Reserve Policy - which has stayed the same since August 2006 and earlier.
Translated, to me, it means the FR feels our market will recover on it's own without a need for tweaking on their part. To read more about the Market Watch coverage of this new development, go here.
For those of you who are stock and Market wonks, here is Market Watch's 'take' on Ben Bernanke and his style compared to Alan Greenspan. Apparently we no longer have to watch how the Chairman is carrying his briefcase to see if interest rates will rise or fall :-)
Mortgage rates for the week are hovering around 5.75% for a 30-year fixed rate loan. I found it curious that a 30 year market loan rate is listed as better than a VA Loan this week. If you are curious about other types of rates/loans, check out this week's results here.
Have you ever thought about living Downtown or more importantly, living in a loft? For people who like open space in their homes, living a 'loft' lifestyle could be the way to go. There is an article in Crain's Cleveland today written by Zachary Lewis. He interviews a loft-dweller who just happens to reside in the Grand Arcade. His story is interesting because he aptly describes one cool aspect of buying a loft: designing your own space and being able to feel like it is truly created by you.
Some people may choose to try out 'loft living' as renters. The Bingham in the Warehouse District is a terrific example of apartment living for lofters (I just made up that word!) Browse their website and see for yourself.
Several true advantages to loft-living Downtown: close to transportation (leave your car at home, save gas, take RTA to the airport). Another advantage is all the natural beauty that surrounds you - great architecture, the lake, scuplture.
This is a fun article at Wise Geek who I believe is a Chicago resident. Cool take on loft living and lifestyles. Peace Out - 3C