On Friday, the Labor Department released its monthly jobs report, which showed an estimated 467,000 news jobs were added to the economy in the month of January.
I am embarrassed by how many times I tried to adjust the slider on the screen capture with the two years of interest rates... haha! Really good points about analyzing future cash flows at different (higher) interest rates when projecting commercial property performance. Last loan I close, I chose to pay a higher rate for a 10yr adjustable instead of 5 year to reduce some potential volatility and hedge a little bit against extreme rate hikes. Tough to pay .25% or .5% extra but if rates rise by 3-5% it won't seem like anything.
I am embarrassed by how many times I tried to adjust the slider on the screen capture with the two years of interest rates... haha! Really good points about analyzing future cash flows at different (higher) interest rates when projecting commercial property performance. Last loan I close, I chose to pay a higher rate for a 10yr adjustable instead of 5 year to reduce some potential volatility and hedge a little bit against extreme rate hikes. Tough to pay .25% or .5% extra but if rates rise by 3-5% it won't seem like anything.
I think you will thank yourself sooner rather than later. Ten year money is pretty attractive and will be even more so a few years down the line.