Brought To You By Southern Heritage Bank and Dustin Matthews
Inflation is really affecting us all right now. Recently, the consumer price index showed a year-to-year uptick of 8.6% in prices. This is the largest increase since December 1981. The Federal Reserve wants to do something about it, so they are increasing the federal funds rate at an even faster pace.
Additionally, while forecasts are lower for GDP (gross domestic product), they’re up for just about everything else, including both inflation and the federal funds rate.
What does all this mean if you are in the market for a mortgage? At Southern Heritage Bank, we understand your concerns, and if you are ready to buy, make sure to reevaluate your budget and know what you can afford. Mortgage rates have gone up a bit over the past few months, but they may not be as high as you think. We can work with you to determine the best type of mortgage that would be right for you and your needs.
Call us at (318) 443-2799, or come by one of 10 convenient locations, and let Southern Heritage Bank help you review your options to get approved. You may also visit our website at https://www.shbnet.com/.