The Federal Reserve has made its much anticipated and expected move recently, increasing a key short-term interest rate by a quarter of a percentage point.
The decision to raise rates should certainly be understood as a reflection of the confidence that the government has in the progress that the economy has made, and in their judgment that progress will continue. Federal Reserve Board Chair Janet Yellen said “It is a vote of confidence in the economy.”
While an improving economy is good news for everyone, increasing rates means THIS is time to act and receive the lowest rates available since WWII. Refinance your existing mortgage or take out a home equity L.O.C. to complete those projects you’ve been holding off on. Remodel your outdated kitchen; blow out a wall or two to create an open space; add on a room, second floor, or garage!
Just keep in mind that MAC Builders is your premiere contractor of choice in Ocean and southern Monmouth Counties. Let 40 years of experience at the Jersey Shore bring these projects and dreams to life. If you can dream it, we can build it.
MAC Builders, where quality counts!
Posted On: January 26, 2017