Sundown? Freddie Mac 30Y Mortgage Rate Highest Since Financial Crisis And Advent Of Fed Quantitative Easing (CORE US Inflation For August Expected To Rise To 6.1% YoY)

by confoundedinterest17

Is it sunset for housing and mortgage markets with Fed quantitative tightening (QT)?

Freddie Mac’s 30-year mortgage dedication fee simply rose to its highest degree since … The Fed initiated Quantitative Easing (aka, fanatical cash printing) through the monetary disaster.

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The excellent news? The US inflation report is prone to present a slowing of the inflation fee to round 8% YoY and -0.1% MoM. Why? Gasoline costs are cooling due to the worldwide financial slowdown.

Whereas gasoline and meals costs are falling, CORE US inflation, the inflation fee excluding meals and power, is predicted to rise to round 6.1% YoY and +0.30% for August.

However be careful as winter approaches!

 

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