📉 CPI came in at 2.9% for August while jobless claims jumped – proof the economy is cooling. But the real absurdity? Owners’ Equivalent Rent still makes up nearly one-third of core CPI. That’s a survey question, not real data, and it’s keeping rates artificially high. If you bought or refinanced in the last 2 years, you’ve been paying more than you should.
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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 #shorts #inflation #FederalReserve #InterestRates