The hottest topic of 2022 that everyone can relate to or has had their own personal experience with has undoubtedly been inflation. In August 2022, inflation prices were 8.3% higher compared to a year before according to the Consumer Price Index report. While slower than the prior month when inflation climbed 8.5%, it’s still uncomfortably […]
Many of you are probably wondering the same thing – what’s been going on with mortgage rates and where are they headed? With inflation intensifying, the average rate on a 30-year mortgage has jumped from 2.78% in July 2021 to the more recent 5.54% as of July 21, 2022, according to Freddie Mac. To grasp […]