🚨 The Fed’s favorite inflation gauge is up again
📊 Headline PCE: 2.7%
📊 Core PCE: 2.9%
🏠 Shelter costs pushed it higher
🤯 Owner’s Equivalent Rent added 0.38%
This “fictional rent” keeps mortgage rates higher than they should be.
Bad data is holding back the housing market while real families pay the price.
Follow to stay ahead of the noise and learn how this impacts your mortgage.
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Russell McDonald | NMLS 290837 | Broker CA DRE 01150730
Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628
Real Estate Broker – CA Dept of Real Estate #MortgageTips #Inflation #PCE #HousingMarket #MortgageRates