Understanding Inflation: What It Means for Homebuyers

At its core, inflation is the rise in prices over time. When inflation is high, your money doesn’t stretch as far as it used to—think of how much more you’re paying for groceries or gas compared to a few years ago. But inflation isn’t just about the cost of living; it also affects things like interest rates, which are crucial when you’re looking to buy a home or refinance.

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