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Info for Homeowners, sellers and/or home buyers • Uncategorized • July 15, 2022

How Rising Inflation Affects Mortgage Interest Rates

by Rupa Nunamaker
interest rate balloon

While the inflation rate doesn’t directly impact mortgage rates, the two tend to move in tandem. Rising inflation can shrink purchasing power as prices of goods and services increase. Higher prices can then influence the Federal Reserve’s interest rate policy, affecting the cost of borrowing for lending products like mortgages.

Homebuyers looking for a home loan and homeowners who want to refinance a mortgage need to know that mortgage rates may rise as inflation increases. Therefore, understanding the difference between the inflation rate, interest rates, and what affects mortgage rates matters for all home finance consumers.

By Michael Flannelly · May 12, 2022

https://www.sofi.com/learn/content/rising-inflation-mortgage-rates/#:~:text=Rising%20inflation%20can%20shrink%20purchasing,for%20lending%20products%20like%20mortgages.

 

Connect with me if you are interested in buying or selling your home.

Rupa Nunamaker

Coldwell Banker

727-430-2350

rupa.nunamaker@cbrealty.com

 

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Rupa Nunamaker, Tampa Bay Area Realtor

I am a FULL TIME Realtor ready to help you, whether is selling your house or buying your dream home.  Connect with me.

I currently live in the St. Petersburg area, but have lived in Seminole and Redington Beach for many years too. I've lived in this Tampa Bay area since 1991. If you are looking to buy or sell in the Tampa Bay area, I'm ready to help.

With Coldwell Banker, you are teaming up with a trusted and knowledgeable neighborhood partner to make your real estate dreams come true.

Ready to sell? Let me show you my top notch marketing plan for your home to get it sold quickly and for the best price!!

I have access to comprehensive, up-to-the-minute listing information giving me the edge necessary in today's fast-paced market. Whether it's finding you a home with everything on your checklist or helping you get ready to move, I've got you covered - advertising, financing, inspection and closing assistance, I'll handle it all from start to finish. I can even provide tips and tricks on staging and minor home improvements to help sell your home fast. Give me a call, I'm right in the neighborhood!

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