Good Afternoon and Happy Holidays!
Mortgage pricing is up slightly this week as investors moved money out of bonds after the PCE-Core report came in today slightly above expectations…. Okay okay what does this mean? The PCE measures consumer spending and is a report to measure inflation. We’ll be watching inflation to make sure it doesn’t get too far out of control. But if inflation continues to be a problem rates will continue to go up. If you are working with clients be sure to pass along this information so they can get locked in at the low of 2 year mortgage rates.
**QUICK TIP** CANADIAN FINANCING 70% NO VERIFIED INCOME NO CREDIT REPORT.
Give me a call if I can help. I’m never too busy for any of your referrals.
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