At the Rocky Mountain Real Estate Expo, we heard that interest rates are projected to increase in 2011 primarily as a result of competition from the US Government. Apparently a $6 Trillion pool of available debt capital will be reduced to only $3 Trillion because of this new competition. This new demand will put pressure on this supply thus causing the cost of this debt resource to increase.
As a result, we suggest that our church clients make plans during 2010 to refinance any debt expiring in 2011 or 2012 before this possible rate spike.
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