How an Expert Can Help You Understand Inflation & Mortgage Rates
Posted by The Cobb Group on
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Notes from The Cobb Group: Our market is certainly affected by rising rates and inflation, however our market is still unique compared to primary markets around the country. We met with Sam Cavanaugh, a top local lender with Mortgage Network, Inc., this week and concur with his thoughts on the current real estate market. "I do firmly believe the real estate market from a supply and demand perspective is very healthy. If anything is unhealthy about it, it's the lack of inventory which is not forecasted to abate anytime in the near future. Waiting to buy real estate until rates or prices drop is a risky play. Prices could and probably will keep rising, and rates could continue to rise from here for the forseeable future. If rates were to fall, one…
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