The Federal Open Market Committee is meeting tomorrow to determine what the overnight interest rate on loans to banks should be. Normally when the Fed raises the Federal Funds rate their would be a corresponding rise in treasuries and then in mortgage interest rates. However, the Fed raised rates in Dec 2015 for the first time since 2006. Contrary to expectations treasury and mortgage interest rates didn’t rise! This opposite effect was the result of foreign demand for US treasuries and dollars. Other currencies like the Euro and Yen have seen even worse return than we have in the US so many holders of these currencies are buying us US treasuries. The result? The Fed raises rates and demand for treasuries still stays strong and we saw mortgage interest rates fall! So what will happen on Wednesday when the Fed announces what they will do with rates? Your guess is as good as mine.
Hi, I’m Morgan Franklin and I am a Realtor in Lexington Kentucky. I have lived here for over 25 years and have an intimate knowledge of the city. I was drawn to real estate because I love to study markets and find ways to help my clients win. Whether it is helping a buyer purchase their home under market or a seller get more than the going market price. Studying the market is something I obsess over. (Yes I really enjoy it!) In addition to being knowledgeable about the market I am also a mortgage expert and previously held a mortgage license in Kentucky. This is really important because understanding how financing works is key to a smooth and successful transaction. I am also a published photographer and when I’m not photographing listings you will find me shooting Kentucky landscapes and my son Hudson. Lastly, I have operated several e-commerce business and understand how to market online. This wide array of experiences make me a great realtor.
Why work with me?
– Customer Service: When you call I am the one who picks up the phone and pride myself on follow up
– Market Knowledge: I have lived in Lexington for over 25 years and answer your questions about neighborhoods.
– Marketing: I have a deep knowledge of how to market online
– Media: I am a published photographer and all of my listings are accompanied by professional photo and video
– Data: I provide detailed reports to help make my clients make informed decisions
Super Secret Shoe Closet!Listing details: http://bit.ly/2oIwNvzLexingt
"Our experience with Morgan was outstanding!! I would recommend him to anyone searching for property. He listened to our request and found us the perfect place. He is very knowledgeable of the area and made the purchase very easy.
If you are looking for a great agent, Morgan is your man!! Give him a call!!"