Today in Mortgages we discuss how housing plays into inflation. Yesterday Powell discussed “sticky shelter inflation” referring to high shelter costs, which make up about 30-40% of CPI. Shelter includes rent, insurance, hotels, and personal residences. Powell discussed whether cuts can come while housing inflation is still elevated and hinted at only one rate cut this year. Ultimately, we shouldn’t wait for rates to come down to get down to business. It took a while for these rates to come up, and it’s going to take a while for them to come back down.

Tune in to this episode to gain a deeper understanding of the current market dynamics and discover how you can better support your clients in achieving their homeownership dreams. Whether you’re a seasoned professional or new to the industry, this discussion offers valuable insights to help you navigate today’s real estate landscape.

______

_________

Grow Your Business: https://join.nflp.com/

Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297.

The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.