As predicted the Fed delivered a 25bhp increase to its short term interest rates overnight bringing it to 3.75%.
Not even the threat of a further Hurricane could deter Alan Greenspan and his policy advisers from increasing rates.
Speaking overnight to a couple of ex-colleagues who work in the Chicargo futures market a further 25bhp has been factored in for 1st November.
In saying all this we have seen a record number of applications from Australian wanting not only finance but also for us to locate a quality investment property in the States.
Texas for example after several months of posting declining figures in the volume of homes facing foreclosure, saw a rise in the number of residences put on the block in August according to Banking Statistics. 3,319 properties foreclosures were reportedly listed in Texas during the last 30 days in comparison, at the end of July when roughly 3,011 homes were on the sales block due to foreclosures.
All in all exciting times ahead for Aussie investors.
Cheers Richard
Ph: (07) 3720 1888
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
Hi Richard,
Can you tell Alan and his buddies to not lift rates?
I agree it’s just the beginning one feels for certain areas in the US to move forward.Cheers.
Flash
I will make that call.
Cheers Richard
Ph: (07) 3720 1888
[email protected]
http://www.yourstatefinance.comIP funding and US property finance
our specialityRichard Taylor | Australia's leading private lender
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