Why has the proverbial interest rate Santa Claus given buyers such a long-term affordable gift? The answer is multi-faceted. However, the main contributor is less inflation.
Oil prices are always a good marker for inflation. You may have noticed that filling up your gas tank has also become substantially less expensive in recent months. What’s the correlation? According to NAR, the Fed uses inflation indicators such as oil price fluctuations to arrive upon their weekly rates. By that logic, interest rates and gas prices are somewhat…