The Fed Worried About Lack of Inflation

April 20, 2009

Daily Mortgage Updates

A&N Mortgage Logo20 April 2009 – The stock markets are down Monday morning, with the Dow back below 8000. Bank of America actually posted better-than-expected profits. GM says it will be laying off 1600 in the next few days.

The Fed came out saying it was worried about the lack of inflation. You?d think inflation would be inevitable side effect of the government printing billions of extra dollars for the stimulus, but the rest of the world is actually just as bad off as us, if not worse, so the value of the dollar hasn?t been too bad. While a lack of inflation can be bad long term for the overall economy and its growth, I?d say that the average American struggling to get by welcomes this. It wasn?t that long ago that gas was $4-$4.50 a gallon, milk was $2.99-3.99 a gallon, and eggs were $2.49-3.49 a dozen. These days, gas is $2-2.25, milk $1.99-2.49, and eggs $1.29-1.99, making it easier for struggling Americans to feed their families.

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About Neena Vlamis

Neena Vlamis, President and Co-founder of A & N Mortgage Services, enjoys a challenge. In particular, she and colleagues specialize in finding the best mortgage product for each of their home-buying customers. Whereas many financial institutions shy away from customers who have special financial needs, Neena and A & N boast a winning record with clients from all ends of the spectrum. Neena and the professionals at A and N succeed in home-financing scenarios as a result of their unparalleled commitment to providing honest advice, extensive breadth of personal finance knowledge vis-a-vis home ownership, and their power of being a mortgage bank and broker. These assets, in combination, have built A & N Mortgage Services into the premier originator of residential home loans in the Chicagoland area. Neena Vlamis and A and N Mortgage will identify the optimal financial product and strategy for your specific homeownership need. You can contact her at neenav@aandnmortgage.com or 773-305-LOAN.

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