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Inflation and Interest Rates

Happy Thursday Everyone – I hope you are doing well. I have had a lot of people ask me what we expect for 2023 from an interest rate perspective. No one knows for sure but the CPI report came out today showing inflation was down for December. That is good news for rates! Rates are in the high 5’s to low 6’s for most people right now and if inflation keeps going down, rates should as well.

Last year was stressful for buyers because rates went up so fast. It made a lot of people decide to sit on the sidelines but now that rates have calmed down, we are seeing a lot more people get back into the market. Last week was one of the busiest starts to a January we have ever seen. So, if you or anyone you know want to buy a home, please have them call us to discuss.

Also, thanks to everyone that attended our First Time Home Buyer Class and Realtor Mastermind class this week. We had a great turnout and will have these every month. Please also attend our Budgeting Class on the 24th if you can.

Stewart Sadler

Managing Partner

Cornerstone Mortgage Group

Georgia Residential Mortgage Licensee: 21412 • Company NMLS: 147913 • Individual NMLS: 147938

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