Interest rates rise
On Tuesday, Federal Reserve once again lifted interest rates. Although U.S. economy has been reeling in the aftermath of Katrina, it seems inevitable that rates keep on rising. Increasing interest rates mean increasing loan servicing costs, which leads into deterioration of capital value.
Fewer people will be looking into getting big loans, therefore now it’s the time to sell your log home or log cabin if you have been thinking about selling. After a year or so, we might live in a completely different market.
