Found 1 blog entry tagged as fixed rate mortgage.

Inflation's Surprising Impact: Homeowners vs. Renters

Bank of America Study Insights on Inflation

New data from Bank of America shows that inflation is affecting renters more than homeowners. One of the key findings of a study from Bank of America is that renters are spending less on expenses outside of housing compared to homeowners. This doesn't come as a surprise, considering that rents continue to increase nationwide. This will obviously have a more significant impact on renters than on homeowners, who typically have a fixed-rate mortgage. One of the advantageous aspects of our country's housing market is the availability of 15-year and 30-year fixed-rate mortgages.

This allows homeowners to weather periods of high inflation without being…

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