Things may be changing…
In the interest world that is.
It sounds like the days of 3.5% mortgage rates may be coming
to an end soon. It really has been an astounding run. (the interest rate was at 17% when we were buying our first home!). No one thought it
would have lasted this long. I think some are still undecided as to which
direction they may still turn.
Some think because our national debt is so out of hand, the
feds will continue to keep rates low. We as a nation can not afford the higher
rates, we don’t have the money to pay them, so they will keep them low.
Some think they will rise drastically and push us over the brink into financial ruin.
Some think they will rise drastically and push us over the brink into financial ruin.
I don’t know what to think. I do know for the Artist and I,
we keep tightening our belts. We keep fixing our old trucks, we keep repairing
our old laundry machines, and we continue to recover from the last several
years like many of you are doing.
It is our great customers that continue to be a part of that.
We continue to bid on several jobs, some we hit and some we don’t, but it is
keeping us as busy as we have been in several years.
As things recover in the housing business and you decide it
is time to jump in and do those improvements you have been waiting to do for so
long, remember to make wise decisions. Don’t let emotions make your decisions.
Do your homework, know your financial limits, and get advice from many in the
industry.
We'd be happy to help you make those plans!
~ The Carpenter
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