Home loan rates have been moving higher of late, but they’re still at very attractive levels that are close to historic lows. The massive stimulus plans are causing fears of inflationary pressure – and remember inflation is the arch enemy of interest rates. This is because inflation erodes the buying power of the fixed return that a mortgage holder receives.
While the Fed has said they’re going to keep rates at zero, this is for the Fed Funds Rate, which is very different than mortgage rates.
Despite the recent rise in mortgage rates, the good news is that you still may be able to take advantage of debt consolidation on a refinance. And if you’re shopping for a home, with rates near historic lows and home prices appreciating nationwide, there is still an amazing opportunity to build wealth for your family through real estate.
I’m Christopher, contact me to see how you can benefit before things change.