Rates on the rise?

We can’t predict the future, and I never try to. But we stay on top of trends and latest headlines to better inform our clients and readers. I ran across an article on CNBC.com that summarized the Fed’s outlook for this coming year.

Long story short: higher interest rates are likely headed our way in 2022. How much higher? No one truly knows.

But, it appears that the Fed Policy is skewed towards raising short term rates to combat inflation. Of course, geopolitical events could counter that, but we’re taking a bit more of a defensive stance at our office.

Why you should know this:
Short term rates directly influence short term loans like credit cards. If you or someone you know has short term debt, then using a low rate long term loan like a mortgage to consolidate debts could be incredibly beneficial given the outlook.

Home equity loans are an absolute bargain right now, especially given what may be coming in 2022.

Imagine that peaceful, secure feeling of having your financial ducks in a row.

Anyway, if you want to read more, the article is here.

https://www.cnbc.com/2021/12/06/a-major-shift-is-underway-at-the-federal-reserve-that-could-see-a-speedier-end-to-its-easy-policies.html

About Post Author

Darin Rhodes

A bio is a funny thing, they’re usually written in the third person as if a journalist surprised you one morning ringing your doorbell. “What, you want to interview ME?”

The cold, hard truth is our business interest in each other really comes down to one thing: “can this person help me get what I want?”

In that spirit, my most basic hope, coupled with my deepest desire, is the products, service, knowledge, and experience I have acquired over the years can be laser-focused on one thing: helping you get what you want.

See author's posts