There is much fear these days about rates spiking once the economy recovers. You even hear 'Genius' economists are predicting rampant inflation and double-digit inflation. I believe they are wrong!
There used to be a saying that the Military is always preparing for the 'last war'. Well that is what these pundits are doing. The chart below demonstrates that inflation has been under control for the past twenty years. Odds are that even if inflation spikes, that spike will be short lived.
What does that mean for you? It means that mortgage interest rates are less likely to rise uncontrollably in the future. [We may, however, see periods of higher rates due to other factors, including liquidity.]
No comments:
Post a Comment