HUD Articles
Your Home Can Help Make Your Money Go Further
March 14, 2022
Inflation has generated a lot of attention lately as the prices of
goods and services have risen faster than they normally do.
Housing can be one way to hedge against inflation, helping
reduce the impact it has on your purchasing power.
If you buy, a fixed-rate mortgage means your monthly principal
and interest payment won’t keep going up like rent will.** Your
mortgage payment stays the same for the life of the loan,
regardless of inflation.
If you already own a home, refinancing to a lower rate can reduce
your monthly payment to help make your money go further.
Not to mention, the value of your home will likely increase over
time while your monthly payment stays the same—yet another
shield against inflation.
