Helping Fire Victims
Since last Friday
nearly 600 families have lost their homes in the Valley Fire. This devastation
has hit home and there are a lot of ways you can help.
The first thing
that is needed is kindness. Kindness in the form of prayers, hugs, warm meals,
words of encouragement, and donations.
Collectively the
North Bay Association of REALTORS has given $20,000. The Napa Vintners have
pledged over $250,000 and more and more keeps coming in.
You don’t have to
look far to find a worthy cause to help support these families.
We are all
blessed to be in our community. Reach out to help those in need.
Federal Reserve holds steady at 0
At the beginning
of the year, the Federal Reserve announced that it would be raising rates this
year. Initially it was thought to happen in June, but the Greek Debt Crisis
pushed that back to September.
Now with the
recent global financial turmoil, most likely China’s worries, they would not be
raising the short term lending rate at this meeting. CNN reports “Although they
didn't raise rates now, the majority of Fed committee members believe there
will be a rate hike in 2015, according to its economic projections. The
committee has two remaining meetings this year -- in October and December.”
This means that
we will likely see mortgages rates remain steady in the low 4% range for the
next 2-3 months.
The whole article
is here at:
-Kris
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