Low interest rates make it the best time in recorded history to borrow money, according to Bank of England's chief economist Andy Haldane. They are lower now than they were in the days of FDR, Napoleon and Julius Caesar. They are even lower than any time since the ancient Sumerians made loans using grain or silver. During the Great Depression, rates dipped almost down to zero. In the United States, United Kingdom, euro zone and Japan rates are all-but-zero.
Why now? It could be the combination of an aging economy that doesn't require as much investment as before and a global economy that just came out of crisis.
Trends seem to accelerate now so interest rates at or close to zero could be around for a while. If Sweden can be used as example, rates move down into negative numbers before edging back into positive territory.
Borrow now and invest in Tampa Bay real estate. For professional advice, contact Kohan & Associates at 727-565-1658 or visit our site at www.Suncoasthome.com.
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