Townstone Financial

The FED lowers their rate, but mortgage rates creep higher! We've said it for years, but the FED does not control mortgage rates and this week makes it easy to see. Infinite Money Glitch? No, we're not talking some video game here. Trading platform RobinHood has recently been dealing with the fallout from a "glitch" in their system that was allowing individuals to leverage themselves up to infinity. Some reports showed people with $1,000 initial investments being allowed to take leveraged positions over 1 Million! Looks like we went straight from the end of summer to a cold winter here in Chicago. Time to start doing your end-of-year financial checkup to make sure you're in the best spot heading into 2020 as you can. Free consultations at Townstone.com Thanks for listening. Have a great week.