Bob Davis Talks Interest Rates

Posted by Sandy Warren on Nov 21, 2016

Ventura Rotary South Member Bob Davis

Talks Interest Rates and Mortgage Lending

"Interest rates are going higher, and that's a good thing." That was Bob Davis' opening statement to Club members and guests on Monday, November 21. Bob, a local mortgage lender with many years of experience in the real estate lending field, provided an historical overview of the volatile, and frequently unpredictable, world of interest rates, as well as a current snapshot of the industry.

Bob spoke about the traditional spread between savings and lending interest rates, noting that historical norms no longer apply. He also noted that the recent general election, which had some surprises of its own, will undoubtedly continue to affect the national (and global) lending market.

Bob commented that few generalizations can ever be reliably made about the future performance of the U.S. economy, especially given the volatile nature of national and global politics. Given the outcome of the November 8 presidential election, however, Bob said "it's probably a real good time to review your financial position and plans, and to meet with your financial advisor."

Thanks, Bob, for a fascinating and entertaining overview of a subject important to virtually everyone.