inflation has been a constant battle for the federal reserve recently and while they have been making some headway we’re still not quite at the end of the road while they continue to fight to bring inflation down it means that interest rates will remain higher than you might like – and while that isn’t bad for your savings account it might not be great news for your mortgage rate mortgage rates currently are somewhere in the 625 range – which may feel pretty good if you’re a baby boomer and remember when rates were in the 18 range when you may have first purchased a home however if you purchased a home in the last few years that rate may feel like it’s on the high side while the advice may be to just not buy a home while we’re experiencing inflation that isn’t always an option for everyone perhaps you’re retiring and downsizing right now and need to purchasing a smaller home what can you do if you need to purchase a home in this inflationary environment there’s a saying in the housing industry that goes “love the house but date the rate” meaning work a little smarter with your mortgage right now it’s more difficult to afford the same priced house today than it was a year ago due to the interest rate however you can “date the rate” to marry the house but date the rate you may think about taking on an adjustable rate mortgage with an arm you’d hope that the interest rate would come down during the fixed portion of the term of your loan which would save you money you’d win here because you’d get the house you want and eventually the rate would drop hopefully assuming that rates drop you could refinance when they do you’d also be paying down principal in the meantime it’s a calculated risk yes but one that you can take in the hope that the fed continues to work on inflation and rates will come down over the course of time of course there are other mortgage options out there in addition to arms and the 30 year products so don’t feel like you’re stuck with one or the other explore your options when it comes to housing during inflationary times and remember to marry the house but date the rate