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2019 Idaho Real Estate Blog

Coming Soon To A Mortgage Rate Near You -- Inflation! Main Boise Home Loans
It isn't a matter of if, but rather, WHEN, inflation will start to have a tremendous, negative impact on mortgage rates. If you are considering a purchase or refinance, you need to read this.

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Dear BuildIdaho.com reader:

If you've seen the news lately, you know concerns about inflation are increasing. But what does it really mean to you?

The fact is, inflation is a very serious issue, and it will likely be on the rise as 2009 proceeds...and along with it, home loan rates will rise too.

To help you learn more about this important topic, I want to send you a link to a short video, featuring the nation's foremost mortgage industry expert. In this
video, you'll learn how inflation impacts interest rates and what the outlook is for down the road.

Because home loan rates will be on the rise, if you or any of your family, friends, neighbors or co-workers have been considering a purchase or refinance, now is the time to act.

Please contact me today to discuss your specific situation, and feel free to forward this email and video link along to others that you think might benefit from it as well.

Watch the Video

Best,


Eric Leigh, Mortgage Consultant
2965 E. Tarpon Drive, Ste. 150
Meridian, ID 83642
(208) 880-0316
http://www.ericsloans.com
eric@ericsloans.com

 
Posted by Eric Leigh at 7/29/2009 12:52:00 PM
Comments (2)
Re:Coming Soon To A Mortgage Rate Near You -- Inflation!
Eric, like ya buddy but you are wrong on this one.

We are in one of the greatest wealth destructive periods of our lifetimes...the amount of bad money destroyed is much larger than even the feds actions to print.

Don't confuse scarcity effects with inflation...

wake me up on inflation when you see wage growth or even flatten. credit lines are cut or gone salaries and benes way down hours worked lower...

we are in a depression and that is anything but inflationary... unless you ask "Its different this time(R)"-

Oh, 30 yr yields tell you all you need to know about big.smart money and inflation exp.

we 'may' be 1/3 to 1/2 way thru
Posted by on 7/29/2009 10:40 AM
Re:Coming Soon To A Mortgage Rate Near You -- Inflation!
Hi Emdeplam,

I knew you would be back...as long as I posted something more to your liking and taste (get off that credit scoring train for a while). Good to hear from you.

Your argument is sound...and I could see what you say playing out. Time will tell...it always does. If mortgage rates stay lower for longer, it's not bad for the mortgage business. But that means that the rest of the economy will probably be in pretty bad shape.

For what it is worth, Fannie Mae predicts the average 30 year fixed mortgage rate to be 5.20% at the end of 2010...roughly where it has been hovering lately. And...they predict unemployment to top out in the 2nd quarter of 2010.

Again, time will tell.

Good to hear from you...hop on the BLOG's more often!

Eric
Posted by Eric Leigh on 7/29/2009 10:53 AM
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