With rates rising it’s time to get off the fence!
For the last 5 or 6 years each Spring everyone with a microphone and an opinion would come out and warn of rising interest rates (not this guy though if you’ve been following me). The Fed wanted to see higher rates so that they could lower them if they felt the need for a stimulus. Banks wanted higher rates to increase their profit margins. But the economy was so tepid that it just could not survive any kind of meaningful interest rate boost. That has changed. The tax cuts and resultant consumer and employer optimism is off the charts as I’ve discussed in this previous post. The US economy is on the strongest footing in a decade, growth is projected to be a robust 4% in the second quarter and the Fed is now talking about heading off potential inflation, so that means we are in for higher rates. So if you are thinking of buying in the next year, now is the time to reach out to me and let’s see if we can’t find a path forward for you to do so sooner rather than later. Here’s an article that articulates some of this.
