November 14, 2022
Westpac: End of fixed rate loans means higher interest rates will cause ‘inevitable’ pain for mortgage holders
November 7, 2022
Internet service provider DHI Telecom Group completed construction of a new office building in Houston as part of an expansion earlier this year, funded in part by a fixed-rate loan paying just 5.1% d ‘interest for two years.
But he’s unable to take advantage of the Federal Reserve’s cut in short-term interest rates, and CEO Wallace Davis has mixed feelings about it. He would like to cut spending but at the same time wonders about the timing of the Fed’s action.[ad_2]