Good news for bonds and Mortgage Rates - consumer inflation appears to be moderating. Bonds don't like inflation. If bonds go down, rates go up. On Monday, the PCE index which compares year over year inflation rates was reported to be 2.1%. That is good news because the Fed's target rate is between 1% to 2%. If inflation continues to stay in check, the Feds might decrease the Fed Rate (affects Home Equity Lines of Credit, Car Loans and Credit Cards) in the fall.
1 Comments on Good News for Mortgage Rates - Inflation Currently in check.
Thanks for the update for everyone Ronnie. I am personally relieved to see things balancing out and truly hope to see the rates on these things go down. I do a lot of loan and construction loans so the lower the better :) Thanks again Ronnie.
Ronnie Roach
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Thanks for the update for everyone Ronnie. I am personally relieved to see things balancing out and truly hope to see the rates on these things go down. I do a lot of loan and construction loans so the lower the better :) Thanks again Ronnie.