There are quite a few things going on in the second week of December 2014.
-The US Budget Bill is making its way through congress even though there were hidden items included within the bill that entail repealing the ban on taxpayer bailouts of banks, prohibiting a "voted in" amendment in Washington DC, reducing the standards of school cafeteria food and increasing the amount of allowable campaign contributions.
-Sony Pictures becomes the latest victim of cyber hacking and who knows what is going to happen there. From my understanding, Sony Pictures will be liable for leaked information. I hope they can weather the storm because I like to watch movies.
-The price of oil has fallen like a lead balloon taking the stock market with it. What does this mean? Lower Interest Rates for mortgages!!! The interest rates dropped to about 3.625% today on the 30 year fixed. We are heading back into the 3's!
All three of these items play a big role to everyone in this country. Whether you voted in November for Republicans to make common sense changes and to not overturn the constituents desires, or were looking forward to Sony's next Christmas blockbuster, or have an interest in selling your home and know there will be more potential buyers with lower interest rates available - this is a week to remember.
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