Next up in our series on lenders and interest rates, let’s take a look at collateral and how collateral will affect the rate. At the risk of being a bit basic, let’s understand what collateral is – it’s something of value that a borrower puts up to “secure” a loan. And if the borrower defaults, the lender can… Read More »
When the federal reserve began raising interest rates in 2022 – a conventional response amid broader economic pressures from government overspending and surging energy costs, I predicted that there would be many rate increases, and in revisiting the topic every few months afterwards, I predicted higher rates would last a long time. Not to pat myself on the… Read More »
I was tempted to open with a joke about rates, but honestly, at this point, nobody feels like laughing. But there is good news – we are hopefully nearing the end of rate hikes. As you well know, over the last 18 months, the Federal Reserve has been steadily raising rates. This year they paused in June, raised… Read More »
Continuing with what has become a year-end holiday tradition, I’d like to present my wish list for 2022. It’s a little different than the wish list I sent my wife (this one doesn’t include the new Jimi Hendrix live album, although maybe it should!), but this list is definitely what I’d like to see industry and economy-wise. First… Read More »
It’s the #1 question our customers have been asking for almost all of 2022: when are these interest rates coming down? I wish I knew the answer, but I don’t. Nobody does. We’ve seen rates rise all year, most recently at the beginning of November. And to my eyes (as well as to most economic pundits), the end… Read More »