Everything is getting more expensive again. 📈
Inflation is running hot. Gas prices jumped. Oil is around $100 a barrel. Mortgage rates are hovering around 7%. And wages haven't been keeping up.
Now Americans could be facing another hit from winter energy costs. 🥶💸
This is exactly why the Federal Reserve is willing to keep interest rates high.
The problem? There may be no pain-free option.
Lower rates too soon and inflation could accelerate.
Keep rates high and borrowing stays painfully expensive.
I'm watching the Fed, inflation, bonds and mortgage rates every day.
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 #FederalReserve #Inflation #HousingMarket #Economy