Since many slow down at this time of year, I will keep this very brief. With the passing of the new tax reform, we saw the 10-year yield break upwards to its highest point since mid-March (see chart immediately below). Clients with HELOCS are already expressing concerns about the expectation of rising rates; and how best to handle the challenge.
As we have been in a low interest rate environment for many years, I suspect 2018 will be a year of many adjustments to change. With the tax law changes, it will be more important than ever to create teams to address new issues all for the benefit of clients. With these changes will come new opportunities.
As we head into the New Year, it is my hope for all to adapt quickly to the changes; and then find creative ways to contribute to the success of your clients and business partners.
Have a safe and prosperous New Year!
As always, feel free to call me for client/team meetings and with any of your strategic financing questions.
The SJ Mercury News reported “Bay Area housing: Active listings sank in November as prices shot up again.”
The Mercury News also reported “Survey: Most say tax law will change their plans to buy a home.” The title is a bit misleading. After reading the article, it appears most folks in CA are not happy with the changes. It will take time to see the ultimate effects.
| Type | Rate | Fixed Term |
| Apartments | 4.045% – 4.670% | 3 to 10 year (30 yr amortization) |
| Commercial | 4.355% – 4.970% | 3 to 10 year (25 yr amortization) |
| SBA Lending | Call for Options | Call for Options |