What Rising Inflation Means for Your Move
Inflation is moving higher again, and that could have an impact on mortgage rates. A major reason for the recent increase is higher energy costs driven by ongoing global events. While some inflation measures are rising faster than others, the Federal Reserve is still watching closely and may keep interest rates elevated longer than many people expected. What does that mean for homebuyers and sellers? It may mean mortgage rates stay higher for longer. If you've been waiting for rates to drop significantly before making a move, it may be worth exploring your options now rather than trying to perfectly time the market. The good news is today's housing market is very different from 2008. Most homeowners have strong equity, lending standards remain much stricter, and housing inventory is still relatively limited. Every situation is different. Whether you're buying , selling , or simply planning ahead, having the right strategy matters more than waiting for the "perfect...