Conventional wisdom tells us that when stocks rise, rates decline. It also typically tells us that when inflation moves higher, rates typically increase. Generally speaking, as the economy reopens, rates will rise.

Here is what has happened recently. Stocks rallied to all-time highs, inflation spiked, the economy continued to reopen, yet rates improved to the best levels in a month.

So far, the financial markets are telling us that inflation is not a problem yet, and that the consumer is going to be the driver for economic growth. It seems that the Fed will keep rates low, helping the recovery further. It is a great time to take advantage of the current interest rates as they could be short-lived.

Feel free to reach out to Scott Bennett at 503-703-4699 or scott@altmo.com to talk about your current situation.