30-year Mortgage Rate Falls To 2.98% (REAL Mortgage Rate Falls To -0.41%) With Rising Inflation

Sharing is Caring!

by confoundedinterest17

According to Freddie Mac, their mortgage survey rate for 30-year fixed-rate mortgages fell to 2.98%.

And with rising inflation, the REAL mortgage rate (Freddie Mac 30-year survey rate – Core PCE Prices YoY) has dropped to -0.41%.

See also  What Does The Fed Mean By “Transitory Inflation”, And Why Is It Important To Understand?

At Tompall Glaser sang, “Put another log on the fire” as home price growth burns out of control.

See also  Powell Admits in Congressional Testimony Inflation is Hotter and More Concerning than the Fed Expected

 

 

331 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.