Continuing on with our rate series, let’s explore the relationship between risk and rates. Risk is one of the largest factors affecting the rates you pay. In fact, nearly all lending rates begin at whatever the Federal Funds Rate is, and are then adjusted upwards based on risk and lender overhead. But risk is the big one, and… 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 »
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 »
Got an email the other day, and thought I’d share it with you. Fletch, I’ve been reading your thoughts about rates but I’ve been holding off getting new gear because I was too scared to borrow when rates were rising. I clearly should have a year ago but that’s hindsight. But today even though I really need some… Read More »
It’s been awhile since I posted about Section 179, so let’s discuss this thoroughly awesome tax deduction. It’s the time of year when you should start thinking hard about Section 179 – especially if you haven’t bought any qualifying equipment yet. That’s because congress raised Section 179’s deduction to a robust $500,000. This means you can buy equipment… Read More »