Inflation is an economic terms that can elicit financial uncertainty in consumers, investors and government officials.
We are all experiencing increases in gas, retail, and home energy expenses, and as inflation persists we can only expect cost increases in other sectors. The mortgage industry is anticipating an inevitable rise of mortgage rates due to current inflation indicators.
However, at the time being mortgage rates are still at a historic low (in the 3% range). So if you have been thinking of purchasing or refinancing your mortgage, now is the time.
Refinancing is a great way to pull out cash for home improvements, college education, starting a business, or purchasing investment property.
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