Kira Home Blog

[Project Story] Prestige Apartments* + Inflation, Rates, and Real Estate

[Project Story] Prestige Apartments* + Inflation, Rates, and Real Estate

Crazy Times With crazy inflation, fast rising interest rate, and worries about the economy, we’d like to share what we are seeing and hearing right now. There is an intriguing phenomenon. Mortgage rate has risen from 3 ~ 4% to above 6% in just a few weeks. A $320,000 mortgage went from $1400 monthly payment to $1900! There is no way the housing market can remain at the crazy pace...

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