Mortgages and Inflation 

My friends who are trying to buy a home are facing a very competitive market, and in part I think it's people trying to lock in a mortgage in the face of the quickly rising tide in interest rates.

A few months ago you would have gotten a 3% rate, and a $400k loan would cost ~$1700 a month. Today you're lucky to find a 6% rate, and that same loan costs $2400 a month.

And then of course there's the cash buyers who want to use their money before inflation devalues it.

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