Nov
20
Sitting on the fence?
Posted by Christopher Gilliam under For Buyers, For Realty Professionals, General Information, Mortgage News
Many experts are predicting a rise in inflation and consequently a rise in interest rates as a result of the government’s stimulus spending. The chart below demonstrates just how historically low interest rates are.
Take a look at where rates were in the early eighties - the last time inflation skyrocketed. This is certainly food for thought for anyone wondering if now is a good time to get off the fence regarding a home purchase or refinance.
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