Inflation is heating up again! September CPI reached 3.7%, core inflation exceeded expectations, and the probability of another Federal Reserve rate hike jumped sharply.
What does this mean for mortgage rates, homebuyers, and homeowners?
The Fed doesn't directly control mortgage rates. The bond market can move them before the Fed makes a decision.
If you're buying a home or considering refinancing in California, don't gamble your financial future on lower rates.
DM me to discuss your mortgage options.
Have questions about buying, refinancing, or tracking your mortgage rate in California?
Call or text 925-885-1919, request a video or phone appointment, enroll in free RateAnalyzer rate monitoring, or start our Quick Application.
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 #MortgageRates #CPI #FederalReserve #HomeBuying #Shorts