Interest Rates and Inflation Explained

Where are rates headed? It seems like right now mortgage rates and inflation are going hand in hand. The cost of everything is up, including housing, gas, food, etc. You see it, I see it and we are all feeling it.

No one could have predicted a pandemic and a war in a 2-year span, and the housing market is constantly responding. Interest rates are on the rise, inflation is hot and international conflicts are all taking their toll.

As real estate agents and professionals, it's important to recognize the changes in the marketplace so that we can better advise clients and be their number one supporter.