Mortgage Inflation Overview
Inflation is defined as the loss of purchasing power over time and is usually measured against a large basket of goods and services. The Federal Reserve has a stated mandate to keep inflation at 2% or higher, which means they want assets to increase by at least 2% a year. This mandate also means your purchasing power is then reduced by 2% each year. Bottom line, what costs $1.00 today will likely cost $1.02 or more in a year.
Learn everything you need to know about inflation by downloading the “Mortgage Inflation Overview”!