Ruth Hays joined WLOS to discuss why interest rates matter in a community still rebuilding—and why Asheville is ready to welcome visitors.
In a recent WLOS interview, ACT Advisors Financial Advisor Ruth Hays explained the connection. When borrowing costs are high, a mortgage can be harder to afford. Financing a repair can cost more. A business may think twice before expanding or investing. Those decisions matter in any community, but they carry extra weight when families and businesses are still recovering from Helene.
“If we are able to reduce interest rates, mortgages cost less for the average consumer. That really makes a difference for the everyday individual,” Ruth said.
The G20 does not set U.S. interest rates. However, the issues discussed at the meetings—including economic growth, sovereign debt and global imbalances—are part of a much broader economic environment that can influence policymakers, markets and borrowing conditions over time. When borrowing costs decline, families and businesses may have more room to move forward with purchases, repairs, investments, and expansion.
Hosting the G20 Finance Track placed Asheville on an international stage while Western North Carolina continues to rebuild. That attention matters beyond the meeting itself. Visitors who stay in local lodging, dine at area restaurants, shop with local businesses, and experience the region firsthand help support the businesses and jobs that are part of its recovery. Asheville is open and ready to welcome them.
Read or watch Ruth Hays explain how G20 discussions and interest rates connect to Western North Carolina. https://wlos.com/news/local/local-financial-expert-connects-g20-talks-to-interest-rates-hitting-wallets-close-to-home-meetings-asheville-omni-grove-park-inn-ruth-hays-advisors-wealth-management
The effect of interest rates rarely ends with the cost of a loan. A real estate purchase, business investment or sale, family transfer, or portfolio decision may also involve liquidity, taxes, timing, risk, and opportunity cost. ACT Advisors helps clients evaluate those tradeoffs together so that one financial decision does not work against the rest of their plan. If you are considering a significant financial move, contact us to talk through the opportunities and tradeoffs.