After almost two years of historically low interest rates, it looks like those rates won’t be around much longer.
Recently, the Federal Reserve announced plans to raise interest rates as early as the first quarter of this year. According to a Reuters report, ”St. Louis Fed President James Bullard on Thursday said the Federal Reserve could raise interest rates as soon as March and is now in a ‘good position’ to take even more aggressive steps against inflation, as needed.”
So, if you’ve been on the fence about building a new home, adding an expansion, or doing a complete renovation, now is the time to act. Interest rates will be increasing before you know it!
Worry-Free Assistance From John Falvella Construction Services
Feeling intimidated by all the research and paperwork involved with getting a loan? Don’t worry.
At John Falvella Construction Services, we can point you in the right direction to help you get started. We’ve been doing this since 1983, so needless to say we’re familiar with the whole construction loan process from beginning to end. We’d be happy to outline the steps for you and talk you through it—whatever we can do to ease your mind and make your experience as stress-free as possible.
Specializing in building custom luxury homes in the lower Hudson Valley, the Hamptons, and surrounding areas of Long Island, NY, we’re the team of general contractors you can trust for honesty and integrity. Our full-service architecture, design, and building firm will go the extra mile to make your dreams a reality.
Call now to get the process started!