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314 Views • Jul 12, 2024 • Click to toggle off description
1. CPI Numbers: The latest CPI numbers are at their lowest levels in the past three years, indicating a downward trend in inflation.
2. Current Rates: There was a significant positive movement in rates. Conforming 30-year fixed mortgage rates are expected to be in the mid-6% range, while government rates are in the low 6% range.
3. Future of Interest Rates: With lower inflation, the Federal Reserve might be more inclined to lower interest rates soon, possibly in September or December.
4. No Big Data Coming: No major economic data releases are expected for the next 10 days, which might help maintain the current gains in the market.
📱703-855-5158
📧 JohnPyne@AtlanticBay.com
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📍6820 Elm St, McLean VA 22101
#CPIdata #inflation #interestrates #whatwillthefedsay #mortgagemarket #mortgageexpert #locallender #interestrates #dmvrealestate #varealestate #DCrealestate
Eligibility requirements apply. Information deemed reliable but not guaranteed. Loan programs may change at any time with or without notice. All loans subject to income verification, credit approval and property appraisal. Not a commitment to lend. Atlantic Bay Mortgage Group, LLC NMLS 72043 (NMLSconsumeraccess.org) is an equal opportunity len
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Uploaded At Jul 12, 2024 ^^
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RYD date created : 2024-07-13T05:17:57.889281Z
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