Over the last 30 years, prices have risen, so it’s no surprise that over the next 30 years, prices are going to continue to climb.
Housing, food, gas, education, Target’s Dollar Spot…price increases will continue to affect our daily lives.
With one little exception… Your fixed rate mortgage.
James Royal, Senior Wealth Management Reporter at Bankrate, says:
“A fixed-rate mortgage allows you to maintain the biggest portion of housing expenses at the same payment. Sure, property taxes will rise and other expenses may creep up, but your monthly housing payment remains the same.”
In other words, your fixed rate is the ONE THING you can control because it’s protected from inflation.
Have more questions or think you’re ready to make your move? Let’s chat!
