This is a YouTube video titled "💫 Infrastructure Deal could cause Rates to Increase 💫" containing a monologue by a single speaker explaining the economic impact of a new infrastructure deal on government spending, inflation, and mortgage interest rates, recorded on July 18, 2021.
New infrastructure deal will cause government spending of over $2 trillion. When there's an increase in government spending, the government must print more money to keep up with it. When more money is printed, that increases inflation. It causes the value of a dollar to decrease. When the value of a dollar goes down, mortgage companies then must charge a higher interest rate to keep up and balance that out. So for all you home buyers out there, something to definitely keep in mind is the longer you wait to find your new home, the interest rates are going up.
