Historical inflation – Compare purchasing power. If your income does not keep pace with increasing consumer prices then your standard of living can be reduced. Use this calculator to understand how historical inflation has impacted your dollars’ purchasing power over the years. Source: U.S. Department of Labor, Bureau of Labor Statistics

Mortgage rates today, November 9, plus lock recommendations Mortgage rates today, February 15, plus lock recommendations Mortgage rates today, February 16, plus lock recommendations mortgage rates fell significantly. All of the above was very good for rates, but it also put very big emphasis on the upcoming economic data to shed light on just how justified the Fed’s concern.Home security tips and.

For example, if mortgage rates are at 5% but the level of annual inflation is at 2%, the real return on a loan in terms of the purchasing power of the dollars the lender gets back is only 3%.

This means a rate increase of just 1% lowers your purchase power by between 9-11%*! That can be a huge difference in today’s housing market. Imagine how frustrated you would be if you found a home you absolutely loved and then discovered you actually couldn’t afford the monthly payments because of the rising interest rates.

From secondary markets along the East Coast to the heart of the Midwest, here’s a look at cities where consumers are losing ground in purchasing power as summer approaches, based on changes in housing values compared to local wages and mortgage rates.

Mortgage rates haven’t moved this much at such a quick pace since 2009. So what does this mean if you are looking to purchase a home in the near future and why should you care about mortgage rates and monetary policy decisions by the Fed? When mortgage rates rise, the purchasing power of the dollar diminishes in regards to home buying.

Mortgage Rates Modestly Higher Ahead of Trump Speech New York (AFP) – wall street stocks finished with decisive gains Tuesday on modestly higher US retail sales ahead of the Federal Reserve’s interest rate decision later this week. The dow jones industrial average advanced 228.89 points (1.40 percent) to 16,599.85. The broad-based S&P 500 jumped 25.06.

According to Freddie Mac’s latest primary mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.61%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power.

4 alternatives to a cash-out refinance Alternatives to the Traditional Mortgage | HGTV – Cash-Out Mortgage WHAT’S GOOD: Homeowners who have already built up some equity can refinance their home and walk away with cold, hard cash — which can be used to bankroll home improvement projects, college-bound kids, or an investment property.

Enhancing Affordability Through Adjustable Rate Mortgages: Not What It Used to Be. Rising mortgage rates and falling affordability have spurred interest in ARMs because they help boost purchasing power by lowering the monthly mortgage payment. hybrid arms are a product of choice for those who.

If you are thinking about buying a home, one of the first steps you should take is to find out your credit score. Your credit score is one of the primary metrics used to determine whether you will qualify for a mortgage, as well as your loan pricing. There are three credit bureaus-Equifax.