The entire financial services industry, whether commercial, residential or consumer has all seen an increase in interest rates recently. After an unprecedented and sustained low interest rate environment, the Fed signaled they may slow or stop their Bond Buyback Program. The industry responded by raising rates. Hopefully, this reaction sufficiently covered industry concerns and rates will settle in for a bit. It is still a great time to use 504 financing to secure a very attractive 20 year fixed rate and limit your down payment to 10% in most cases.
