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Economic News

Wallstreet, Rates, Recession- The Prophecy is Nearly Complete

I’d have written something sooner on this, but at 8:30 am, I was already on the phone with buyers.

My response has been, we’re not locking in anything until we must, and even then, we may wait.

After an insanely busy homebuyer’s market beginning 1st quarter ’08, I say to the markets, the Fed, Wall Street, The President & Congress –  hurry up and find the bottom- the housing market doesn’t have all day.

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Benn Rosales is the Founder and CEO of The American Genius (AG), national news network. Before AG, he founded one of the first digital media strategy firms in the nation has received the Statesman Texas Social Media Award and is an Inman Innovator Award winner. He has consulted for numerous startups (both early- and late-stage), and is well known for organizing the digital community through popular offline events. He does not venture into the spotlight often, rather he believes his biggest accomplishments are the talent he recruits and develops, so he gives all credit to those he's empowered.

1 Comment

1 Comment

  1. Steve Dalton

    January 22, 2008 at 12:57 pm

    Ben, I have to respectfully disagree.

    Historically mortgage rates have risen soon after the last cut by the Fed. So, if you feel that the Fed is done cutting, then locking now is the best bet. If you feel they will cut one more time next week, then locking next Wednesday right before the last cut is the best bet. Either way mortgage rates, in my humble opinion are right at their lows.

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