Inflation is a Bad word for Borrowers!

The Feds are watching Indicators this week for signs of Inflation. They feel they may need to slow the economy down by raising rates again to keep runaway prices from entering into our economy if it becomes overheated. That may have already happened in our housing market. Cost of building supplies are constantly moving up along with material shortages in areas. As prices rise more borrowers find their dream home out of reach which in turn should slow the housing market down. The problem is with the stock market and Interest rates being so low for years investors got into the real estate market and drove the prices up out of reach of many borrowers. Now they are trying to unload for a BIG profit. Some are going to get burned as borrowers are forced out of the market because of their high prices. www.rateinformer.com