UPBEAT TIMES, INC. • August 2016 • 19 Brexit Stage Left! by Barry O'Meara • barryo@stearns.com


SANTA ROSA, CA. ~ Te days are long and hot yet the evenings are cool and pleasant. Summer is here! Te Sonoma County Fair has come to town showcasing our ag- ricultural and rural roots. Te local sea- sonal harvest fills our farmer’s markets and then our pantries. One of my favorite


parts of the Sonoma County


Fair is the horse races. It is kind of like a lottery pick ev- ery 30 minutes. I have never leſt the track a rich man but never leſt with more than I was willing to lose. Te long shots are far and few between, and the favorites always come in. Tere are


world events that demon- strated how terconnected


in- our global


economies are. We may have different currencies, but it is all a conduit for exchanging goods and services. Te news of the Brexit hit the financial markets and set the stage for “Pound- exit”. Te United Kingdom (UK) may have joined Euro- pean Union (EU) but when EU adopted the Euro as their cur- rency, UK hung onto their pre- cious pound. With the pros-


“Te most beautiful


experience we can have is the


mysterious. It is the fundamental emotion that stands at the


cradle of true art and true


science.” Albert Einstein


pect of uncertainty looming, the world market quickly took note, packed up their pounds and looked for safety. Just like the race track all


the “safe money”


gets put on the favor- ite. In the US, the saf- est place to park your money is in the “bond market”. Tere are lots of “Bonds” but one in particular is


a Mortgage Backed Securities (MBS). MBS directly effect the interest rates.


If you have to


look at the fundamentals of a market economy; Sup- ply


and De-


affordable than a lower pay- ment. With that said, these low interest rates we are now experiencing have created a re- finance boom. Tis is the peak of the home buying season, so when you negotiate a purchase contract you will also be able to lock into a great rate. All this has caused a rush hour on the financial highway.


Every


aspect of mortgage lending has become backed-up, from un- derwriting to funding and all the steps in between. But like all good things, it will pass. I can’t pre- dicted how long these low rates will last or what will trigger the next low interest


rate drop. But I will say mand sets the price. As the money pours into the


MBS it creates pressure to lower interest rates. Tat sur- plus of money sitting in the MBS has to go to work. Te only way to put that money to work is to lower the rates and increase the demand to use it. Tis is the short and simple an- swer to why July gave us some of the lowest interest rates since 2012 when the Feds used Quantitative Easement (QE) to stimulate the economy. Nothing makes a home more


A


Miracle Production Shekeyna Black


www.AMiracleProductionAMP.com A Miracle Production (AMP)


Produces & Promotes concerts, festivals and events focusing on economic and environmental sustainability.


(707) 529-0816 shekeyna@AMiracleProductionAMP.com “Somewhere, something incredible is waiting to be known.” ~ Carl Sagan


5800 Guerneville Rd Sebastopol • 829-2477


UPBEAT TIMES, INC. • August 2016 • 19


this; interest rates will go up and interest rates will go down. Waiting to purchase a home, based on interest rates, will rarely work-- just like making it big on that long shot bet.


Memory Systems ... continued from page 14


ume, rhythm, tone etc. Mention to yourself that you will be conscious what you are hearing when you hear what you wish to remember. You can carry a small pad and a pen and write what you want to remember. You can also write an affirmation (e.g. I will remember two names of people I meet at this party).Let’s explore a couple of other systems. You have been singing and recit- ing the alphabet since you were two. Now to remember some- thing, use the alphabet: 1. Always ask people to spell their name, note particularly the first letter and the first sound. See the name writ- ten on a marquee or in neon, flash- ing. 2. Relate what you want to re- member with something (a hobby, an interest) you love or know very well. If you love flowers, connect what you want to remember to dif- ferent flowers or parts of flowers. If you love to cook, connect new


... continued on page 20 Weird Facts & Fun Trivia - 6


A rat can last longer with out water than a camel.


A rhinoceros’ horn is made of compacted hair.


A rodents teeth never stop growing. They are worn down by the animal’s con- stant gnawing on bark, leaves, and other vegetables.


A Saudi Arabian woman can get a divorce if her husband doesn’t give her coffee.


A shark can detect one part of blood in 100 mil- lion parts of water.


A group of ravens is called a murder.


A shark can grow a new set of teeth in a week.


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Unforeseen Interruptions! From time to time mini fender benders and accidents occur when you least expect them. And they do happen. We are a positive solution to these annoying interruptions. We hope you don’t have to call us. But if you do... We’ll be ready!


THE MORTGAGE COACH


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