What is consumer price index?

What is Consumer Price Index?

Have you been hearing a lot about the Consumer Price Index (CPI) lately?

It affects us all, especially when it comes to housing.

The CPI measures the average change over time in the prices paid by consumers for goods and services.

Why does this matter to you if you’re in the market to buy a new home?

As the CPI rises, it often leads to an increase in mortgage rates.

But don’t let this get you down. Understanding the CPI can actually be a powerful tool in your home-buying journey. It helps you anticipate changes in the market and plan your mortgage strategy accordingly. That is a good thing!

Whether you’re a first-time buyer or looking to refinance, keeping an eye on the CPI could give you an edge.

Let’s talk if you want to know more about how this impacts your mortgage options. Together, we can make your home ownership dreams a reality. Call us today at 321-972-6468. We look forward to speaking with you!

Holly Ecimovic, NMLS 2396592, Licensed LOA/Loan Processor, Edge Home Finance Corporation, Company NMLS 891464. holly.ecimovic@edgehomefinance.com.

*Disclaimer: Products & pricing are subject to change. Every individual is different, and each scenario is unique. Please call us to discuss your needs. 321-972-6468.