Page 10 - August 2020 Issue.indd

DOLLARS AND SENSE by Tolbert Rowe

Long Term Interest Rates Dropping

One of the benefits of being in a state of activated so quick and settlement date 12th of 15,000 and California is closing

extreme uncertainty in our country has scheduled you will feel like you must indoor businesses. Texas cases are
been long term interest rates dropping have made the right decision. Because overwhelming hospitals to the extent
to levels never seen before. Ironically, you can apply for a mortgage virtually, that many hospitals are unable to take
these low interest rates have stimulated you can be on the express refi train with any new patients of any type and 47

the real estate market into a fury not some lenders who will expedite the states have increasing cases. Don’t get
seen in many years. Realistically priced process to get you to the settlement table sick in any of those states or you run the
homes are going under contract in a sooner, which for you the consumer is a risk of not being able to access adequate

matter of days, not weeks or months. good thing, right? The sooner you settle, medical care because COVID has taken
Many are attracting multiple off ers as the sooner you start saving money. over.
buyers starved for inventory are willing
The reality is that for many of these North Korea Dictator Kim Jung Un
to exceed seller’s expectations by off ering
online lenders they must get you to has made it very clear that there will
more that the asking price.
closing quicker before you get a chance be no more discussions with the U.S.
November 3rd will be the most important to have second thoughts. Or you talk to a until sanctions are lift ed. So much for
day of this year. Heck, I think it will be friend or family member who enlightens the POTUS/ROCKET MAN show of
the most important day of this decade. you to some factor you did not consider. mutual admiration. Now we find out
And this being such a tumultuous time Even worse for them is that you talk Rocket Man has a facility that can
it is especially important that we look at to someone local who considers your develop a nuclear warhead for a missile.

our personal financial situation and take financial situation and presents you with President Trump informs us that there

advantage of all the benefits of lower other options to consider. The result of will be no more trade agreements with
interest rates before they go away. which means your second thoughts can China before the election. Xi Jinping has

offset the benefit of what you are doing

With interest rates at levels unseen with them. made it clear in his communications that
in modern history, refinancing your China will not be a part of the Trump
mortgage seems like a given, regardless As I write this, in the middle of July, reelection strategy by giving more than
of how much you are saving, or is it? events are getting more and more bizarre they have already given, which at this
Saving money on a monthly basis to and to a degree scary. Th e uncertainty point is U.S. agricultural products.
lessen your monthly payment is a good of the next six months sets the table for Which is still below levels they were
thing in such uncertain times, isn’t it? If an abundance of “what ifs” about the purchasing before the implementation
I lower my interest rate by 2% that’s a no economy and our financial stability in it. of tariff s. Plus, they have done nothing

brainer isn’t it? to align with their agreements about
The Coronavirus pandemic has manufacturing and manufactured
Unfortunately, for many people shopping assaulted our country’s most populous goods.
online, answering yes to any of these states. Florida recorded the most cases
questions could have your application of coronavirus in a single day on July China continues to solidify its presence
in all other regions of the world and
build alliances with countries that we
have turned our backs on. China is
“Your Mortgage Consultant Since 1985”
filling the void left when the U.S. has
Purchase or Refinance withdrawn into its Make America Great
Shell. To President Trump’s credit, the
hard line taken with them has impacted
their pirating of intellectual property.
The event that has the potential to scatter

115 E Dover St. Ste 3 - Easton, MD our country into two separate and
tolbert@baycapitalmortgage.com C. Tolbert Rowe, distinct camps, as if it isn’t already so, is
www.baycapitalmortgage.com NMLS Vice President/Lending the Presidential election. Th is election
182844 will either return President Trump to
the White House and validate how he
410-819-3005 / cell 410-310-3520 has changed the office of President of

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