Low Rates to Stay Til 2013...

So I don't know if everyone has heard this, but yesterday the FED announced (for the first time ever) a specific timeline for interest rates. They have come out and said that rates will stay artificially low until 2013! This will mean close to a decade of superficial interest rates for the US. What does this mean for all of us? On a macro level, the government is trying to keep down the cost of doing business. Micro, car loans, big purchases and mortgages will continue to allow for more affordable payments. That said, Washington (more so banks) are going back to their roots and making qualifying for a mortgage more strict (relative to the subprime madness). My advice? Build your credit and take advantage.

What if the Debt Ceiling isn't Raised?

After talking with a couple lenders and hearing predictions today at my monthly office meeting, I am very scared for August 2nd to come. From what I have been hearing, if the debt ceiling is not raised, we can expect to see interest rates increase 2% in a span of 48 hours! This is absurd. Please, please, please come to some agreement DC.

Invest Now

Did you know that Denver is currently the #2 rental market in the country? With demand higher than it has ever been in the Mile High City for rental properties, vacancy rates are at all time lows (my dad's company, Simpson Housing Group, currently has occupancy levels around 95% for their Denver properties). Factor in some of the great deals you can find on short sales and bank-owned properties and this is the perfect time to buy an investment property (property you own and lease out, acting as the landlord or having a property management company help out). Rates are also at history lows (as everyone knows from all of the ads constantly playing) which means you can get a property below market value, with a super low interest rate, in a market that you can almost instantly lease it out. If any of this sounds intriguing to you, contact me, follow me, or comment and let's get you in an ownership position that is comfortable to you. Happy hunting.