Once again, the Taylor Stucki Realty Group is on the forefront of news and attempting to help you understand what’s happening.

In a conversation on the Charlie Rose Show today, President Obama essentially announced the retirement of Fed Chairman, Ben Bernanke.  It’s more than likely he will leave office in January.  This means a replacement…  And what exactly will be expected of that replacement?

Well, the name everyone is talking about is Janet Yellen who is the current vice-chairman.  Of course other names are flying around, but she’s the most likely candidate.   But what will the Obama white house expect the new Chairman to do?  

Basically, the new Chair will be expected to unwind all of the monetary easing steps the Fed has taken to help stimulate and jump start the economy.

What does that mean to you and me?  As far as housing is concerned, it means the interest rates we’ve been enjoying have suddenly been given a fairly short life span.  Part of the Chairs new job will be to increase the interest rate.  

And that’s why this announcement today was such a big deal.  If you want to qualify for a low interest rate and buy a house, now is the time.  Don’t wait any longer.  Contact the Taylor Stucki Realty Group today and lock in a low interest as quickly as possible.  Even now we’re seeing the rate increase on a daily basis.  It’s moving slowly now, but it’s moving.  Take advantage while you can.