So the March goes on!!!
As you will note in the summary notes, the inflation pressures that everybody wondered about with the Fed's pumping dollars into the economy has begun to show itself. In the Virginian Pilot this a.m., cotton prices doubling was discussed due to increased demand and the need to increase clothing costs and other products with cotton content. Thus, we may be seeing the beginning of a trend that will cause us all to watch the broad economic indicators to determine if inflation begins to raise its "ugly" head.
As you may well know, a bit of inflation is normal and is much preferred over deflation(lower pricing due to terrible economic conditions). Yet, high inflation would lead to higher mortgage rates and more expensive house payments. As noted below, rates are forecasted to go up to 5.5% by the end of the year by some.
Thus, it continues to be the absolute best time to buy a home....competitive home pricing and low interest rates.
Then get the move on, if it s time for you to get a home!!!