Reports out of the UK and India say that they are experiencing higher than expected rates of Inflation and they expect them to continue to move higher, but not just in their countries... around the world as well. Bonds (where Mortgage Backed Securities(MBS's) are traded) and Inflation are mortal enemies. If Bonds were Superman, Inflation would be Kryptonite. If Inflation does tick higher, so too will your Home Loan Interest Rates! Couple this news with the fact that the governments plan to purchase MBS's to artificially keep home loan notes low, will expire this March! The time to Purchase or Refinance is now! Get ahead of the inevitable increase in interest rates.
Time to Move! (Litterally and Figuratively)
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