Cash Sales on the Rise

Bad news for a guy who feeds his family by helping other families borrow money: All-cash sales increased to 37.9% of purchase transactions funded in 2Q 2014.  This is an increase from 35.7% the same time last year.

The fed minutes from the latest FOMC meeting will be released here in couple of hours. I anticipate that they will indicate that the Federal Reserve currently plans to keep short term interest rates low through mid-2015.