A couple of weeks ago in this blog, I said that the debt ceiling debacle would go to the wire (See Will the Federal Debt Bomb Go Off?. I'm not a clairvoyant, however, politicians are just so darn predictable. Where are the statesmen the masses exclaim? I just wanted to reiterate, if you have a real estate sales contract that is closing in the next 30 days, lock in your rate now. Rates may spike soon and they will most likely settle down, but it may take more than 30 days for that to happen if we have a default or a downgrade by Standard and Poor. Time may not be your friend.
The other thing I wanted to throw out here is that we are fast approaching a very active time in hurricane season. Get your flood and windstorm insurance policies in place now before we get a named storm. Again if this 30 day window is upon you it is just simply prudent to get ahead of the game.
Just a couple of tid-bits for your consideration. Stay Well.
Paul
