What Virginia Business Owners and Homebuyers May Want to Know
Financial decisions may become easier to evaluate when you understand the forces behind the headlines. In this Financial Forecast discussion, I examine two topics that could affect Virginia small business owners and prospective homebuyers: workplace retirement plan requirements and the economic factors that may influence mortgage rates.
Certain Virginia employers may need to provide eligible employees with access to a retirement savings option. Although establishing a plan may initially seem simple, business owners could face important decisions involving plan design, administration, employee eligibility, fees, and regulatory responsibilities. Because some plan features may be difficult to change after implementation, employers may want to carefully compare their available options before moving forward.
I also discuss the relationship between oil markets, bonds, Treasury yields, and mortgage rates. When investors sell Treasury bonds, bond prices may decline while yields may rise. Because mortgage rates may often move in relation to longer-term Treasury yields, changes in global energy markets and demand for government bonds could affect borrowing costs.
For homebuyers, these economic developments may provide useful context, but they should not determine a purchasing decision on their own. Affordability, available cash, housing needs, expected time in the home, and the complete monthly payment may be equally important.
Watch the video for a clearer explanation of how these topics may connect and what they could mean for Virginia employers and households.
Fitzwilliams Wealth Management, Inc. is an SEC registered investment advisor. FWM and Fitzwilliams Financial are affiliated companies. This content is for informational purposes only and should not be construed as personalized investment advice. We do not provide tax or legal advice. Media appearances are for informational purposes only and do not constitute an endorsement. Investing involves risk.