The beginning is near the end! I say that because in this series of “how do lenders arrive at interest rates?”, I’ve talked about different factors that affect the rate you pay. But where does that rate originate? It doesn’t start at zero (after all, money is never free). In general terms, most lenders will utilize existing benchmark… Read More »
Happy New Year! We briefly interrupt our “lenders and rates” series to bring you the 2025 version of Fletch Predicts. Another year is in the books. I like doing these posts as it’s fun to look back and see where I was right and wrong. My hit rate isn’t bad at all! Let’s start with sports. I hit… Read More »
As I mentioned in my last blog, I will be doing a series detailing how lenders arrive at an interest rate. But before I get into the posts outlining different pieces of the rate puzzle, I do want to point out that there is a big misconception regarding rates. The misconception is the lowest rate is everything. And… Read More »
Let’s answer a question or three, shall we? Hey Fletch, I know you always tout getting equipment when you need it but aren’t rates coming down soon? Wouldn’t it be better to wait? Dave P. Hi Dave, Honestly, assuming the equipment will earn you revenue, no, it is not better to wait. There are three reasons for this.… Read More »
It’s been a while since I talked about rates, so now is as good a time as any. First, not to pat myself on the back regarding my prediction skills, but I did say back in Feb 2023 that rates would continue to rise for a bit (they did) and then hold fast for a long time (they… Read More »