How Inflation Affects Mortgages Inflation influences nearly every corner of the economy — from food prices to borrowing costs. When inflation rises, money loses value and lenders increase interest rates to protect their investments. 🔹 Higher inflation = higher rates for new loans, reducing affordability. 🔹 Fixed-rate homeowners benefit, since their payment never changes. If your mortgage is fixed, inflation actually works in your favor. Your monthly payment stays the same while income and home values often rise. Over time, you’re paying back your loan with dollars worth less than when … Continue reading...
Do you feel LUCKY? Buying a House in Denver CO – DON’T WAIT!
Are you thinking of buying a house in Denver CO but have wondered if you should wait to buy until the market drops? Read on to find out why now is the best time to buy! Buyers, you may remember the famous line in the Dirty Harry movie when Clint Eastwood has just had a shootout with bank robbers and is standing in front of the lone surviving thief who is considering going for his gun. Harry with his gun pointed at the bad guy says to him ""Did he fire six shots or only five? Well, to tell you the truth, in all this excitement, I kinda lost track myself. But being this is a 44 Magnum, the … Continue reading...