Source: Bankrate —
Now is a challenging time to buy a home due to rampant inflation, but you may still consider making a home purchase, which could help soften the toll of inflation on your financial life in the years ahead. Meanwhile, learn more about the pros and cons of taking out a mortgage in the first place.
Using a home purchase to hedge against inflation
While prices are rising in every sector of the economy, now may still be a good time to buy a home. Your home’s value will probably rise in tandem with inflation, thereby reducing your loan-to-value ratio. If you have a fixed-rate mortgage, you’ll also be insulated from further increases in housing costs, unlike renters.
