Fed Slashes Interest Rate to Record Low
The Federal Reserve Slashed a short term key interest rate by three-quarters of a percent today. This translates into lower commercial real estate interest rates for office space buyers.
According to Bob Wasieko with Security Mortgage, “Affordability has doubled in the past 12 months,” referring to the one-year-ago Prime rate at 7.25 % that is now 3.25%. “There are a lot of viable lenders out there, hungry for good loans.”
For medical, dental and professional practices, now is a great time to take advantage of these “all-time low” rates.
For more information, please call 480-304-7477.
