
How are interest rates affecting the real estate market now and going forward?
📈Interest rates got bumped up fast because we were having run-away inflation, and the Federal Reserve wanted to Sloooowww Dowwwwwn the economy. How’s it working? Economists believe we need to see at least 3 months of lower inflation numbers before interest rates will decrease significantly. Since interest rates on mortgages affect the affordability of homes, … Continued