Rilian Ball

First Capital Group

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The Impact of Inflation on Mortgage Rates and Homebuying Power

August 15, 2024 by Rilian Ball

In today's economic climate, inflation has become a hot topic, especially for potential homebuyers. Understanding how inflation affects mortgage rates and your homebuying power is crucial. Let's see how it can impact your journey to homeownership. What is Inflation? First and foremost, inflation refers to the rate at which the general level of prices for goods and services rises. When inflation is high, purchasing power decreases because each unit of currency buys fewer goods and services. How … [Read more...]

Filed Under: Mortgage Rates Tagged With: Homebuying Power, Inflation, Mortgage Rates

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Rilian Ball


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Rilian Ball
NMLS # 202687

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