Here at Creekside Mortgage, Inc., watching interest rates and predicting what may or may not happen is a daily activity.
Recently, we’ve seen interest rates rise and hold, and there is much speclation as to whether rates will go up again, or if they will fall.
With the recent distress over the fiscal cliff, some are surprised that in addition to interest rates rising slightly, that the stock market has also shown signs of improvement. Which, if this holds, means that we will likely see inflation.
One of the areas that we likely will see inflation if the economy continues to improve will be the housing market.
So if you are thinking of buying, do it now while you can buy a home for less money and finance it with a low interest rate.
If you are ready to purchase or refinance, call Creekside Mortgage, Inc. at 800.920.5420.