Recent economic reports highlighted pent-up consumer demand as well as the positive impact of many states reopening their economies. Retail Sales, an indicator of consumer spending activity, rose a phenomenal 9.8% on a month-to-month basis. Initial Jobless Claims, those seeking first-time unemployment benefits, fell to the lowest level since the early days of COVID.
So…the economy is improving…and yet rates are still favorable! It is still an amazing time to take advantage of the current interest rates. Feel free to reach out to Scott Bennett at 503-703-4699 or scott@altmo.com to talk about your current situation.
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