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Three Things You Must Know About Rates

 
 

 

 

1. Bonds

  • Up is good, and the bond chart from November to December shows a positive trend.
  • Result: 0.25% to 0.5% reduction in 30-year fixed-rate mortgages.

2. Inflation

  • Core PCE indicates decreasing inflation.
  • Lower inflation means lower interest rates on 30-year fixed-rate mortgages.

3. Jobs

  • Unemployment rates are rising slightly but remain within a healthy range.
  • The Fed's dual mandate aims for maximum employment, with a target unemployment rate of 5%.

Bonus: Fed's Dual Mandate

  • Fed discusses potential changes to federal fund rates, considering a 2% inflation target.

Stay informed for those holiday gatherings! If you have questions or need assistance, reach out on social media or give me a call. Thanks for tuning in!"