Gold Star Mortgage

Inflation and Home Loan Rates As inflation rises, it typically causes mortgage rates to move higher as well. That's because inflation is the arch enemy of interest rates, since it erodes the buying power of the fixed return that a mortgage holder receives. While inflation may look tame to everyone at this time, it’s my job to dig deeper for you. A look at the closely watched Consumer Price Index Core Rate" of inflation, which strips out the volatile food and energy sectors..., shows a current reading of just 1.3% inflation for the past 12 months. This has helped interest rates remain low. But in the coming months, the inflation levels are expected to rise significantly, as the readings for the more current months replace the extremely low numbers from 2020. It’s quite possible to see the rate of inflation rise towards 2.5%. It’s likely that this will influence interest rates to higher levels. The good news is that inflation is likely to become more tame later this year. So now may be a great time for you to take advantage of the low-rate environment before these inflation readings start to move higher. Contact me today for a full mortgage review and take advantage of your home equity.

When I talk to Mortgage & Real Estate professionals in all different markets, they all ask me how I know...they don’t have enough housing inventory in their loc...al area. It’s simple, we are all in the same boat right now! Which is why, it’s never been more important to make an offer with no loan contingency! If curious, ask me how! (888) 696-1344 (see video) https://youtu.be/YDJNEMfIZOI #WeAreGoldStar #FastPass #BecomeBetter See more

Recent Move in Rates 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. Contact me to see how you can benefit before things change.