Will the Feds raise interest rates sooner than we think?
The economy generally improves along with the weather, and it’s safe to predict that Q2 will look stronger than Q1. January and February’s job numbers have been revised upward, and the March jobs report was better than expected, with no sign of slowing.
This has led some market observers to predict that the Federal Reserve will raise interest rates in 2019. Others are saying that the Fed was too dovish in its latest report – a swing from a stance that economists thought was too hawkish at the end of 2018.
Economist Jeffrey Cleveland told thestreet.com that if the economy holds up in the next six to nine months, he thinks the Fed will actually come back with another rate hike.
The one thing we know for sure is that interest rates won’t stay low forever.
Business owners with commercial property debt tied to an adjustable rate should protect themselves and their clients by refinancing with a fixed-interest SBA 504 loan. To refinance a government loan (ineligible for the SBA 504), a fixed-rate Liberty SBF conventional loan will do the trick.
Now is the best time to lock in a fixed rate loan while interest rates are still at historic lows. We can get the job done in 45 days or less. Contact us today to get started.